Credo Technology stock down 23% but analysts see 63% upside on strong AI data center growth.

Credo Technology's stock has dropped 23.39% over three months despite delivering a strong quarter with 114.7% revenue growth and beating earnings estimates. The selloff followed concerns over margin contraction and customer concentration after a major acquisition. However, Wall Street remains bullish, with an average price target implying 62.7% upside and some firms forecasting over 80% gains, driven by Credo's key role in AI data center wiring and expected growth from hyperscaler investments. The upcoming fiscal Q2 report will be crucial to confirm margin stability and future guidance.

Despite recent concerns over Credo Technology's margins and customer concentration, the stock shows strong buying interest on Pluang, with 91% of order activity on the buy side as of Oct 21, 2026, 22:02 WIB. Credo trades at USD 182.73, up 6.54% on the day, well below its 52-week high of USD 302.52 but above the low of USD 87.81. Meanwhile, Marvell Technology, another key player in the tech sector, trades at USD 242.47, up 0.85%, with a more balanced order flow. Typical hold times on Pluang are 24 days for Credo and 43 days for Marvell, reflecting differing investor strategies.