Quick Read – CRDO tripled revenue to $1.3 billion and grew operating income over 1,000%, yet hitting $600 still demands a 175% gain and a 167x forward P/E. – Wall Street is 95% bullish with a $279 consensus target, while the internal bull case of $581 still falls just short of…
e $600 milestone. – Three new multi-billion TAM expansions in ZeroFlap optics, ALCs, and OmniConnect fuel the bull case, but a hyperscaler capex pause would quickly derail it. – 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 quietly become one of the most important names in AI infrastructure. CEO Bill Brennan just wrapped a fiscal year where revenue more than tripled to $1.3 billion and non-GAAP net income increased more than five times to $662 million. Shares are up 51.75% year to date and 103% over the last 12 months.
Can this Active Electrical Cable specialist reach $600 a share by 2030? Why Credo Shares Are Stuck After a Monster Run Credo is taking a breather after a strong rally. Shares are down 9.74% over the past month despite popping 4.91% in the last week.