Quick Read – CRDO tripled revenue to $1.34B yet trades at 81x trailing earnings, and insiders net sold as shares dropped 21% in one week. – Wall Street’s $276 consensus clashes with a $221 base-case projection, and $350 hinges on revenue guidance, new TAM bookings, and…
perscaler capex holding. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Credo Technology Group didn’t make the cut. Grab the names FREE today
Credo Technology (NASDAQ:CRDO) has become the pure-play backbone stock of the AI data center buildout, selling the Active Electrical Cables and SerDes retimers that hyperscalers use to connect racks of GPUs. Revenue more than tripled in fiscal 2026 to $1.34 billion, and shares are still up 40.86% year to date. Yet the stock just cracked.
The question I want to answer: can CRDO reach $350 per share by 2027, or has the easy money already been made? Why Credo Shares Just Dropped 21% in a Week The pullback is real. CRDO fell 21.38% over the past week and 18.71% over the past month, retreating from a 52-week high of $308.67.