Credo Technology's stock fell 25.66% in a volatile week despite a strong Q3 FY2026 report showing 201.5% revenue growth year-over-year and beating earnings expectations. The decline followed cautious Q4 guidance with margin compression and rising inventory, causing some investor concern. Analysts remain optimistic with a $164.60 price target, suggesting a modest 5.33% upside and a buy rating supported by strong AI infrastructure demand and new market expansions. The outlook depends on stable hyperscaler spending and margin recovery in Q4.
Credo's stock fell sharply from $210.97 to under $160 in five days, raising questions about its high valuation despite strong revenue growth and expanding AI data center markets. The company posted a 201.5% revenue increase in Q3 and opened new multi...
Jefferies has refreshed its 'Franchise Picks' list, emphasizing U.S. stocks tied to AI infrastructure, digital advertising, healthcare, and consumer value. New additions include Amazon, AppLovin, Credo Technology, McDonald's, Thermo Fisher, American ...
