Credo Technology Group is positioned for a medium-term recovery, aiming to exceed $300 per share driven by vertical integration and expanding product lines. The recent drop in GAAP gross margin is mainly due to amortization from the DustPhotonics acquisition, while the non-GAAP gross margin remains stable at 68%. Management expects a significant increase in optical revenue in the second half of fiscal year 2027, projecting over $600 million in optical sales and launching new products like OmniConnect and ALC in fiscal year 2028. Despite risks from customer concentration and execution, the outlook remains bullish with a 12-month price target of $277 per share, indicating about 40% upside potential.
As of Oct 01, 2026 19:15 WIB, Credo Technology Group (CRDO) is trading at USD 199.16 on Pluang, showing a positive 1-day change of 2.24%. The stock enjoys strong investor interest with 87% of order activity on Pluang being buys. Its market capitalization stands at $36.61 billion, highlighting significant market presence alongside the bullish outlook noted in the news.
