Credo presents OmniConnect as Rosenblatt keeps USD 235 target for Credo Technology stock

Published on 10/21/2026 at 00:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OmniConnect targets AI memory scaling at OCP. Credo Technology stock last traded at USD 171.51 on October 20, 2026, below its USD 308.67 high.

AI connectivity expands at Credo

Credo announced an OmniConnect demonstration at the OCP Global Summit on October 13, 2026.
Fiscal first-quarter revenue reached USD 479.0 million, up 114.7 percent year over year.
Credo Technology stock last traded at USD 171.51 on October 20, 2026.
The next earnings report is scheduled for December 2, 2026.

CRDO, KYG254571055, Illustration mit AI erstellt.

Credo Technology Group Holding Ltd (ISIN KYG254571055) presented its OmniConnect memory technology for AI systems while Rosenblatt Securities kept a USD 235.00 price objective for the stock. Credo announced the OmniConnect demonstration on October 13, 2026, and MarketBeat reported the Rosenblatt target on October 15, 2026.

OmniConnect targets AI bottlenecks

According to Credo Technology on October 13, 2026, the company was demonstrating OmniConnect Weaver on an AMD Versal AI Edge Series Gen 2 evaluation board at the OCP Global Summit. The platform is designed to give programmable-logic systems terabytes of memory capacity and bandwidth without custom silicon.

The announcement puts Credo's product strategy alongside its latest operating performance. For fiscal 2027 first quarter, revenue reached USD 479.0 million, compared with USD 473.30 million in analyst estimates, while year-over-year growth was 114.7 percent, according to MarketBeat.

What does growth mean for valuation

MarketBeat said Rosenblatt Securities reaffirmed a Neutral rating and a USD 235.00 target on October 15, 2026. The report also listed a USD 262.67 consensus target, showing that the latest target sat USD 27.67 below the consensus level.

The comparison matters because Credo's earnings growth is running ahead of its stock valuation risk. MarketBeat reported fiscal first-quarter earnings per share of USD 1.20 against a USD 1.17 consensus estimate, while the company generated USD 129.43 million of net income in the same period.

Three dated Credo milestones

On July 20, 2026, Barclays raised its target from USD 260.00 to USD 300.00, according to MarketBeat. On September 1, 2026, Credo reported USD 479.0 million of fiscal first-quarter revenue. On October 13, 2026, it announced the OmniConnect demonstration at OCP.

Next report date is December 2

TradingView lists December 2, 2026, as Credo's next earnings date. Its listed forecast is USD 531.56 million of revenue for the following quarter, compared with USD 479.0 million in fiscal first-quarter revenue.

Stock valuation stays volatile

Credo stock last traded at USD 171.51 on October 20, 2026, at 4:00 p.m. ET on Nasdaq. The same quote showed a 52-week range of USD 86.48 to USD 308.67 and a market capitalization of USD 32.2 billion, leaving the stock USD 137.16 below its 52-week high.