
CRDO Stock Forecast & Price Target
CRDO Analyst Ratings
Bulls say
Credo Technology Group Holding Ltd exhibits a strong potential for revenue growth, with management projecting mid-single-digit percentage growth quarter-over-quarter for FY26 and FY27, which analysts view as conservative due to potential contributions from both new and existing customers along with product introductions. A robust performance in the AEC product line has been evidenced by strong double-digit percentage revenue increases quarter-over-quarter, contributing to record-setting revenue figures. Furthermore, the anticipated addition of a fourth hyperscaler customer is expected to enhance customer diversification significantly, positioning the company for sustained financial improvement in the coming years.
Bears say
The financial outlook for Credo Technology Group appears negative due to several key factors, including a non-GAAP operating expense (OpEx) of $54.5 million for the quarter, which, while slightly below estimates, reflects ongoing challenges in cost management. Additionally, the company faces potential risks related to failing relationships with major partners, which could adversely impact sales and overall reputation in the market. Furthermore, management has indicated that revenue growth from hyperscaler clients has been non-linear, compounded by broader economic uncertainties such as the COVID-19 pandemic and supply chain difficulties, which may hinder future performance.
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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