Professional
Added to YB: 2026-06-05
Pitch date: 2026-06-02
CRDO [neutral]
Credo Technology Group Holding Ltd
-12.08%
current return
Author Info
No bio for this author
Company Info
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.
Market Cap
$56.4B
Pitch Price
$230.52
Price Target
275.00 (+32%)
Dividend
N/A
EV/EBITDA
113.46
P/E
120.53
EV/Sales
41.19
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Credo Technology ($CRDO): Needham Raises Price Target to $275
CRDO (update): Needham raises PT to $275 (28% upside, 30x CY28 NG EPS). Another beat-and-raise; FY27 rev growth guide lifted to >80% (vs +75%), driven by AEC proliferation & customer diversification. Optical rev now seen >$600M (vs $500M), $100M+ each from ZF Optics, PICs, DSPs. Photonics roadmap paves path to CPO/NPO in FY28.
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