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.
"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"
#ai-infrastructure #stock-price-target #optics-and-connectivity #earnings-and-guidance #hyperscaler-partnerships
Read at 24/7 Wall St.
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