Credo Technology, a maker of connectivity hardware for AI data centers, reported a 114.7% revenue increase in fiscal Q1 2027 but its stock price has lagged, currently down nearly 31% from its 52-week high. Analysts see an 88% upside with an average price target of $284, driven by expected 87% revenue growth and strong earnings per share forecasts for fiscal 2027 and 2028. Key growth drivers include ramping optical revenue, high profit margins, and new product franchises, with fiscal Q2 guidance aligning with expectations. While reaching $300 per share would require nearly doubling the stock price, Credo has achieved similar gains in recent years, supported by strong demand in AI infrastructure.
Credo Technology's stock is trading at USD 132.01 on Pluang, down 0.66% in the last day and well below its 52-week high of USD 302.52. The stock's market cap stands at $24.98 billion, with a typical hold time of 26 days and a majority of Pluang users selling rather than buying. These figures are current as of Nov 10, 2026 21:51 WIB.
Credo, a company providing connectivity solutions for AI chip clusters, saw its revenue more than double to $479 million in Q1 fiscal 2027. Despite this growth, its stock has fallen sharply, losing a third of its value in a month, due to customer con...
Credo Technology Group was upgraded from Hold to Buy following a 42% drop in its stock price, with a new fair value estimate of $190.84 compared to the previous $112.33. Despite a recent sell-off in AI connectivity stocks driven by external factors, ...
Dell Technologies, Credo, and Broadcom have reported strong growth in AI-related revenues and earnings, with each stock positioned near key price targets reflecting potential gains of 20-40%. Dell holds a $95 billion AI server backlog, Credo is expan...
