
CRDO Stock Forecast & Price Target
CRDO Analyst Ratings
Bulls say
Credo Technology Group Holding Ltd is positioned for continued growth with an anticipated increase in customer diversification, highlighted by a fourth hyperscaler projected to exceed the 10% revenue threshold in FY26. The company’s AEC revenue has demonstrated strong sequential growth, setting new revenue records and reinforcing its robust sales performance. Management's expectations of mid-single-digit percentage revenue growth in FY26 and FY27, along with increased earnings per share projections, reflect a positive outlook fueled by both new and existing customer demand.
Bears say
Credo Technology Group Holding Ltd reported a non-GAAP operating expense of $54.5 million in the quarter, which, while slightly below projections, indicates ongoing cost pressures within the company. The management highlighted challenges in revenue generation, particularly the non-linear ramps with individual hyperscalers, exemplified by a slowdown from a previously strong quarter, which raises concerns about future sales growth. Additionally, the potential risks associated with external factors such as economic volatility, geopolitical tensions, and supply chain disruptions further contribute to a negative outlook on the company's financial stability.
This aggregate rating is based on analysts' research of Credo Technology Group Holding Ltd and is not a guaranteed prediction by Public.com or investment advice.
CRDO Analyst Forecast & Price Prediction
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