Credo Technology Group Holding (CRDO) was upgraded to Buy following its strong Q1 performance, which included record revenue of $479 million, a 115% year-over-year increase, and non-GAAP EPS of $1.20. The company maintained robust margins near 50% and raised its guidance, despite challenges like customer concentration and rising operating expenses. CRDO's self-funded growth, strong balance sheet, and exposure to hyperscalers position it well in the volatile AI sector. With a valuation of about 25 times 2027 earnings and a price target of $243 by October 2027, CRDO offers an attractive risk/reward profile for long-term investors.
Credo Technology Group Holding (CRDO) is trading at USD 149.42 on Pluang as of Oct 24, 2026 01:11 WIB, down 8.20% in the last day. The stock's market cap stands at $30.59 billion, reflecting significant investor interest despite recent volatility. Typical hold time on Pluang is 24 days, with more sellers than buyers at 61% versus 39%, indicating cautious sentiment among retail investors.
