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Credo Technology Group Holding Ltd has reached a remarkable milestone, with its stock hitting an all-time high of 104.53 USD. With a market capitalization of $17.4 billion and impressive gross profit margins of 65%, the company’s valuation metrics suggest it may be trading above its Fair Value according to InvestingPro analysis. This achievement underscores the company’s impressive growth trajectory over the past year. Credo Technology’s stock has experienced a staggering 269.69% increase over the last 12 months, with revenue growth of 126% and a strong current ratio of 6.6, reflecting strong investor confidence and robust business performance. This surge in stock value highlights the company’s successful strategies and market positioning, making it a standout performer in the technology sector. For deeper insights into Credo’s valuation and 20+ additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Credo Technology Group Holding Ltd has seen several adjustments in stock price targets from various analyst firms, reflecting confidence in its growth potential. Stifel raised its price target to $115 from $80, maintaining a Buy rating, indicating heightened confidence in the company’s future performance. Mizuho also increased its price target to $98 from $81, keeping an Outperform rating, while maintaining revenue and earnings per share estimates for the July quarter at $190 million and $0.37, respectively. TD Cowen raised its price target to $95 from $85, citing significant growth potential in high-speed connectivity for data center AI applications and naming Credo as its "Best Smidcap Idea for 2025."
Earlier, TD Cowen had increased the price target to $85 from $50, following strong results and guidance, with a fiscal year 2026 growth target set at 85%, up from 55%. Noble Capital reiterated its Outperform rating with a price target of $14, emphasizing that Credo’s shares trade at a lower enterprise value compared to its industry peers, suggesting growth potential. These developments highlight the positive sentiment among analysts regarding Credo Technology’s growth prospects and market position.
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