I reiterate Credo Technology as a Strong Buy after delivering record Q2 2026 results and raising full-year guidance. CRDO achieved 272% y/y revenue growth to $268M and a 47.7% non-GAAP net margin, demonstrating rare profitable hypergrowth. Management now guides for 170% y/y revenue growth and ~45% net margins for 2026, effectively quadrupling net income.
Credo Technology Group Holding Ltd (CRDO) Presents at Barclays 23rd Annual Global Technology Conference Transcript
The mean of analysts' price targets for Credo Technology Group (CRDO) points to a 29.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Credo is firing on all cylinders and crushing Wall Street estimates. The company is already profitable, and growth opportunities are expanding. The stock is priced for aggressive expectations but is not overvalued when considering growth potential.
Does Credo Technology Group Holding Ltd. (CRDO) have what it takes to be a top stock pick for momentum investors?
TipRanks' ranking service highlights three stocks, including Credo Technology and Walmart.
CRDO's Q2 momentum accelerates with record margins and soaring revenues, setting up fiscal 2026 for major triple-digit top-line growth.
Credo Technology Group Holding Ltd. (CRDO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Credo Technology Group (CRDO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Credo Technology Group Holding Ltd ( CRDO ) delivered one of the strongest quarters, triggering a sharp post-earnings rally. The stock has gained 10.6% after the company reported results for the second quarter of fiscal 2026 on Dec 1.
Credo Technology stock (NASDAQ:CRDO) has established itself as a vital facilitator of the generative AI era. After a significant earnings surprise that caused shares to rise nearly 10% on Tuesday, the company's market capitalization has increased to approximately $33 billion.
Credo Technology Group Holding Ltd.'s ( CRDO ) second-quarter fiscal 2026 results highlighted a strong acceleration, driven largely by the rapid expansion of its Active Electrical Cable (“AEC”) business and deepening traction across major hyperscale customers.