Credo Technology stock hits all-time high at 95.81 USD

Credo Technology Group Holding (NASDAQ:CRDO) Ltd’s stock reached an all-time high of 95.81 USD, underscoring a remarkable performance over the past year. The company, now valued at $16.02 billion, demonstrates impressive fundamentals with a robust gross profit margin of 64.77% and exceptional revenue growth of 126.34% in the last twelve months. This milestone reflects a significant upward trajectory, as the stock has surged by an impressive 199.13% in the last 12 months. The company’s robust growth and investor confidence have propelled its stock to these unprecedented levels, marking a notable achievement in the tech sector. This performance highlights the market’s positive reception to Credo Technology’s strategic initiatives and financial health, with a strong current ratio of 6.62 indicating excellent liquidity. However, InvestingPro analysis suggests the stock may be overvalued at its current P/E ratio of 322.79. Discover 20+ additional key insights and detailed valuation metrics with InvestingPro’s comprehensive research report.

In other recent news, Credo Technology Group Holding Ltd. reported a 25.9% quarter-over-quarter revenue increase, surpassing previous estimates by 6.3%, with non-GAAP earnings per share reaching $0.35, exceeding prior expectations by $0.08. The company provided a revenue guidance midpoint of $190 million, indicating an 11.7% quarter-over-quarter growth. Analysts from Stifel have raised the price target for Credo Technology to $80, maintaining a Buy rating due to the company’s robust financial performance and positive outlook. Mizuho (NYSE:MFG) also raised its fiscal 2026 revenue estimates for Credo from $815 million to $832 million, while projecting fiscal 2027 revenue to reach $1.15 billion. TD Cowen increased its price target to $95, highlighting Credo as its "Best Smidcap Idea for 2025" due to significant growth potential in high-speed connectivity for datacenter AI applications. Noble Capital reiterated an Outperform rating with a $14 price target, noting Credo’s compelling valuation compared to industry peers. These developments reflect a strong market position for Credo Technology in AI and data center connectivity, supported by advancements in its product offerings.

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