
CRDO Stock Forecast & Price Target
CRDO Analyst Ratings
Bulls say
Credo Technology Group is positioned for growth with customer diversification expected to improve significantly, as a fourth hyperscaler is projected to exceed the 10% revenue threshold in FY26. The company's Products segment, specifically AEC revenue, has shown strong quarter-over-quarter growth, indicating robust demand for its high-speed connectivity solutions. Additionally, the anticipated growth of the top three customers year-over-year in FY26, along with the entry of a fourth major customer, further enhances the company's revenue stability and diversification outlook.
Bears say
The financial analysis indicates a concerning trend for Credo Technology Group, primarily due to non-GAAP operating expenses of $54.5 million, which, while slightly below estimates, reflects challenges in cost management amid growing operational pressures. Additionally, the company faces significant risks from its inability to effectively manage key relationships, which could lead to adverse impacts on product sales and overall reputation in a competitive market. Compounding these issues are prevailing economic uncertainties, including the ongoing COVID-19 pandemic and geopolitical tensions, as well as supply chain difficulties that may threaten the company's operational stability and growth potential.
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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