Credo Technology has reported eight consecutive quarters of triple-digit revenue growth, with fiscal Q1 2027 revenue rising 114.73% to $479 million, beating estimates. Despite the stock trading over 30% below its 52-week high, analysts see significant upside, with a 12-month price target of $260.86 (27.7% upside) and a bull case reaching $335.60 or more. The company’s growth is driven by strong optical product sales and new product launches expected in fiscal 2028. Risks include customer concentration and margin pressures, but Credo's faster growth and higher margins compared to peers support a buy rating with 90% confidence. The stock could potentially double to around $408 by 2027 under a bullish scenario.
Following the upbeat outlook for Credo Technology, the stock is currently priced at USD 185.25 on Pluang, down 6.59% as of Oct 14, 2026 22:41 WIB. This puts it well below its 52-week high of USD 302.52, with a market cap of $37.27 billion. Investor interest remains positive with 61% of order activity on Pluang being buys, reflecting ongoing confidence despite recent price dips.
Credo Technology is projected to grow revenue by over 85% in fiscal 2027, with a price target of $258.39 indicating a 21.17% upside from its current price. Despite strong revenue growth and a bullish outlook on its optics business, Credo trades at a ...
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, ...
