Credo Technology Holding stock hits all-time high at 86.72 USD

Credo Technology Holding stock reached an all-time high, hitting 86.72 USD, showcasing the company’s impressive growth trajectory. According to InvestingPro data, the company maintains a "GREAT" financial health score, with remarkable gross profit margins of 64.77% and robust revenue growth of 126.34% in the last twelve months. Over the past year, Credo Technology Holding has experienced a significant increase, with its stock price soaring by 172.89%. This remarkable performance reflects the company’s robust market position and investor confidence. The surge to an all-time high underscores the strong demand for Credo’s offerings and its strategic advancements in the technology sector. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value, with 23 additional ProTips available to subscribers. As the company continues to innovate and expand, market analysts and investors alike are keeping a close eye on its future developments, with comprehensive insights available in the Pro Research Report.

In other recent news, Credo Technology Group Holding (NASDAQ:CRDO) Ltd. reported a 25.9% increase in quarterly revenue, surpassing previous estimates by 6.3%, and achieved non-GAAP earnings per share of $0.35, exceeding expectations by $0.08. The company provided guidance for the upcoming quarter, projecting revenues to rise by 12% to $190 million, significantly above market forecasts. Credo Technology’s fiscal year 2026 outlook anticipates revenue exceeding $800 million, marking an 85% year-over-year increase, supported by growth in Optical and Active Electrical Cable technologies. Analysts from TD Cowen, Needham, and Mizuho (NYSE:MFG) have raised their price targets for Credo Technology, with TD Cowen and Needham setting it at $85 and Mizuho at $81, all maintaining a Buy or Outperform rating.

The company has resumed customer diversification, with management expecting 3-4 customers to account for more than 10% of revenue through fiscal year 2026. Credo Technology also announced a significant achievement with an 800G optical DSP win at a hyperscaler, projecting that revenue from its optical division will double in FY26. Stifel analysts highlighted the company’s leadership in AI and data center connectivity, noting its multiple differentiators, including SerDes technology and full-solution ownership. Noble Capital reaffirmed an Outperform rating, emphasizing the compelling valuation of Credo Technology compared to its industry peers. Credo’s management expects gross margins to remain at the high end of its long-term goal of 63% to 65%, further supporting the company’s positive outlook.

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