Credo Technology is rated a cautious Buy with a FY2029 price target of $274, implying a 26% upside from current levels. The company's core AI connectivity business is driving rapid growth, with Q1 FY2027 revenue up 115% year-over-year. Additionally, its new OmniConnect memory-connectivity platform offers significant future growth potential, though it is not yet factored into the valuation due to limited deployment visibility. Investors should monitor high stock-based compensation at 18% of revenue alongside progress on optical revenue targets and OmniConnect adoption. Credo trades at a high multiple for FY2027 earnings but is expected to see strong revenue growth of 87% in FY2027 and 55% in FY2028, reflecting its fast expansion in the AI connectivity sector.
Credo Technology currently holds a market cap of $40.70 billion and an enterprise value of $39.96 billion on Pluang as of Oct 10, 2026, 17:41 WIB. The stock price is $216.55, showing a 2.21% increase in the last day, with a balanced order activity of 50% Sell and 50% Buy. Typical investors hold CRDO shares for about 22 days on the platform, indicating moderate trading interest amid its rapid growth narrative.
Credo Technology reported a 114.7% year-over-year revenue increase in Q1 2027, driven by strong sales in its original AEC market and growing optical segment revenues expected to hit $600 million in fiscal 2027. The company is evolving from a single-p...
Credo Technology, a company providing critical connectivity components for AI infrastructure, is experiencing rapid revenue growth of over 114% year-over-year, outperforming expectations with $479 million in quarterly revenue. Despite a recent stock ...
Credo Technology, a semiconductor company specializing in connectivity solutions for AI clusters, has seen its shares rise over 50% this year and posted seven consecutive quarters of triple-digit revenue growth. Analysts expect earnings and revenue t...
