Analysts raise price targets for Credo Technology ahead of earnings, anticipate AI-driven growth

From StockTwits: 2025-03-04 03:52:24

Several brokerages have raised their price targets for Credo Technology Group (CRDO) ahead of its third-quarter earnings, citing the growing demand for artificial intelligence (AI) applications. Wall Street expects CRDO to post earnings per share (EPS) of $0.18, more than quadrupling from a year earlier, with revenue expected to more than double to $120.36 million. Despite a recent 8% drop in the share price, analysts remain optimistic about CRDO’s potential, with an average price target of $82.33 implying a 64% upside. Retail investors on Stocktwits are bullish on CRDO’s prospects, anticipating the earnings report.



Read more at StockTwits: Credo Technology Slides Ahead Of Q3 Earnings, But Analysts Bet On AI-Driven Surge: Retail Stays Bullish