Credo Technology's stock is down nearly 29% year-to-date despite posting record revenue growth of 201% year-over-year in Q3 FY2026 and beating earnings estimates. The company expects continued strong growth with Q4 revenue guidance of $425M to $435M and more than 50% growth in FY2027. Analysts set a price target of $125.16, implying a 22% upside from the current price of $102.46, citing strong fundamentals and growth potential in AI optics products. Risks include margin compression, customer concentration, and inventory buildup, but management remains confident in long-term margins and growth trajectory.
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
Credo generated over $1.3 billion in revenue in fiscal 2026 and expects more than 80% growth in fiscal 2027, fueled by strong sales in optical products like ZeroFlap optics, DSPs, and silicon photonics. The acquisition of Dust Photonics has expanded ...
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