
CRDO Stock Forecast & Price Target
CRDO Analyst Ratings
Bulls say
Credo Technology Group Holding Ltd is positioned favorably for growth, supported by a projected increase in customer diversification as a fourth hyperscaler is expected to exceed the 10% revenue threshold by FY26. The company has demonstrated strong financial performance, highlighted by a significant double-digit quarter-over-quarter increase in AEC revenue, which indicates robust demand for its high-speed connectivity solutions. Additionally, management anticipates moderate sequential growth in revenue for FY26 and FY27, which may be conservative given the potential from both new and existing customers and upcoming product launches.
Bears say
Credo Technology Group reported a non-GAAP operating expense of $54.5 million for the quarter, which was slightly below initial estimates, indicating potential challenges in cost control amid rising operational pressures. There are concerns regarding the management of critical relationships with key hyperscale customers, as any missteps could negatively impact product sales and the company's reputation. Additionally, the company faces exposure to economic downturns and volatility, exacerbated by the COVID-19 pandemic, geopolitical tensions, and ongoing supply chain difficulties, which could hinder business performance and growth prospects.
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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