From Seekingalpha · James Foord · · 30s
Credo Stock Upgraded to Buy
Credo Technology Group's stock gets a Buy rating after strong Q1 results and guidance.
In brief
Credo Technology Group's stock gets a Buy rating after strong Q1 results and guidance. Credo Technology Group is upgraded to Buy with a $243 price target by October 2027. Originally reported by Seekingalpha.
Credo Q1 Results
Credo delivered record Q1 revenue of $479 million, up 115% year-over-year.
Earnings and Guidance
Credo reported non-GAAP EPS of $1.20 and raised guidance despite customer concentration risks.
Stock Price Target
Analyst expects Credo to reach $243 by October 2027 at 25x 2027 earnings.
At a glance
Credo Technology Group is upgraded to Buy with a $243 price target by October 2027.
