# Credo Stock Upgraded to Buy

> Credo Technology Group's stock gets a Buy rating after strong Q1 results and guidance.
- Title: Credo Stock Upgraded to Buy · Seekingalpha | Shortify
- Summary: 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…
- Keywords: credo, stock, buy rating, q1 results, price target, 2027 earnings, money, business, Upgraded, Buy, Seekingalpha
- Source: Seekingalpha — https://seekingalpha.com/article/4957051-credo-the-reset-is-done-rating-upgrade
- Author: James Foord
- Published: 2026-10-23T17:53:50+00:00
- Read time: 1 min
- Topics: credo, stock, buy rating, q1 results, price target, 2027 earnings, money, business
## 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.
## Key takeaway

Credo Technology Group is upgraded to Buy with a $243 price target by October 2027.