Up 218% in the Last 12 Months, Can Credo Technology Stock Keep Climbing in 2026?
Up 218% in the Last 12 Months, Can Credo Technology Stock Keep Climbing in 2026?
Publish Date: 2026-06-20 11:37:00
Source Domain: www.tikr.com
Key Takeaways:
- Revenue Tripled: Credo grew fiscal 2026 revenue to $1.3 billion, up 206% year-over-year, while non-GAAP net income rose more than 5x.
- Price Projection: Based on current execution, CRDO stock could reach $485 by April 2029.
- Potential Gains: That target points to a 78% total return from the current price of $271.83.
- Annual Return: Investors could see roughly 22% growth each year over the next 2.9 years.
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Credo Technology (CRDO) closed fiscal 2026 with another record quarter. Q4 revenue hit $437 million, up 7% sequentially and 157% year-over-year. Notably, Q4 revenue alone exceeded the company’s entire fiscal 2025 revenue.
- Non-GAAP gross margin reached 68.3% in Q4, above the high end of guidance.
- Non-GAAP net income hit $227 million in Q4, more than tripling year-over-year.
- Free cash flow reached $177.5 million in the quarter, up nearly $38 million sequentially.
- Cash and equivalents ended at $1.4 billion, even after closing the Dust Photonics acquisition.
- Q1 fiscal 2027 guidance calls for revenue of $465 to $475 million, implying continued sequential growth.
Credo trades around $271. Investors who believe the AI data center connectivity buildout is still in early innings may find meaningful upside from here.
See analysts’ full growth forecasts and estimates for CRDO stock (It’s free)
What the Model Says for Credo Technology Stock
We looked at Credo as the company best positioned to solve one of AI infrastructure’s biggest unsolved problems: network reliability at scale.
As AI clusters grow from tens of thousands to hundreds of thousands of GPUs, a single link failure can cascade into hours of downtime and millions in lost compute value.
Credo’s active electrical cables deliver up to 1,000x greater reliability than standard optical modules while consuming less power….
