"Credo is one of the most divisive names in the AI connectivity trade, and our 24/7 Wall St. price target of $174.53 sits below where shares trade today. Real upside could come from accelerating adoption of ZeroFlap optics, Active Line Cards, and OmniConnect memory solutions, or from a second hyperscaler design win that re-rates forward estimates. Treat our target as one datapoint among many. A full bull case appears below."
"Credo is up 259.53% over the past year, 66.04% in the last month alone, and 38% year to date. Shares trade 2% below the 52-week high of $213.80 and well above the $57.21 low. The Q3 FY2026 report delivered revenue of $407.01 million, up 201.5% year over year, with non-GAAP EPS of $1.07 beating consensus by 13.75%."
"Wall Street's consensus price target sits at $209.09, with 4 strong buys and 12 buys against a single hold. Credo announced three new multi-billion-dollar TAM expansions in ZeroFlap optics, Active Line Cards, and OmniConnect, alongside a fresh collaboration with AI cloud provider TensorWave. CEO Bill Brennan said the company is delivering "record results with revenue of $407.0 million, an increase of more than 50% sequentially and 200% year over year.""
"Q4 guidance of $425 million to $435 million implies continued acceleration. Our bull"
Credo Technology has delivered explosive gains in the AI infrastructure connectivity space, with shares up 259.53% over the past year and 66.04% in the last month. The latest reported quarter showed revenue of $407.01 million, up 201.5% year over year, and non-GAAP EPS of $1.07, 13.75% above consensus. The stock trades below the 52-week high of $213.80 and above the $57.21 low. A 12-month price target of $174.53 versus a current price of $198.57 implies -12.11% downside, leading to a hold rating with high confidence. Upside could come from faster adoption of ZeroFlap optics, Active Line Cards, and OmniConnect memory solutions, or additional hyperscaler design wins.
#ai-infrastructure #stock-price-target #optics-and-connectivity #earnings-and-guidance #hyperscaler-partnerships
Read at 24/7 Wall St.
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