Credo Technology, a fabless semiconductor company focused on AI data center connectivity, reported 115% revenue growth and beat earnings expectations, yet its stock dropped 43% from its 52-week high. The decline followed concerns over customer concentration, with two clients accounting for over 60% of revenue. Despite this, Wall Street analysts remain optimistic, with an average price target implying 60.6% upside and a top call suggesting the stock could nearly double. The company's future hinges on successful growth in optical products and continued demand from major customers in the second half of fiscal 2027.
Credo Technology trades at USD 183.00 on Pluang as of Sep 21, 2026 18:51 WIB, up 4.04% in the last day. Its market cap stands at $33.06B, well below its 52-week high of $302.52. This contrasts with Marvell Technology, another tech stock on Pluang, priced at USD 250.64 and up 2.62% for the day, showing a different momentum in the semiconductor sector.
