
CRDO Stock Forecast & Price Target
CRDO Analyst Ratings
Bulls say
Credo Technology Group Holding Ltd is poised for a positive financial outlook due to its anticipated customer diversification, with a fourth hyperscaler expected to surpass the 10% revenue threshold by FY26. The company's AEC revenue has shown remarkable growth, achieving a strong double-digit percentage increase on a quarterly basis, which sets a new revenue benchmark. Additionally, management projects a sustained revenue growth rate of mid-single digits quarter-over-quarter for FY26 and FY27, indicating strong potential driven by both new product launches and expanding relationships with existing customers.
Bears say
Credo Technology Group reported a Non-GAAP operating expense of $54.5 million in the quarter, slightly below the estimated $55.0 million, indicating potential inefficiencies in cost management. The company faces challenges in managing relationships with key hyperscalers, which may adversely impact product sales and overall reputation, contributing to uncertainty in revenue growth. Additionally, prevailing economic volatility, exacerbated by the ongoing COVID-19 pandemic and geopolitical tensions, presents further risks to the stability and performance of the company's operations in the market.
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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