Credo reported 115% revenue growth and its eighth consecutive earnings beat, yet its shares fell nearly 19% due to high expectations and profit-taking. Analysts remain bullish, with a consensus price target around $281 and some forecasting over $300 per share by 2027, driven by strong growth in optical products and AI infrastructure demand. Risks include customer concentration and execution on growth plans, but the current dip is viewed as a buying opportunity amid long-term optimism.
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% an...
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 majo...
