Credo Technology stock gains 6.47 percent as analysts reset targets

Published on 09/22/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Credo Technology stock closed at USD 187.27 on September 21, 2026, up 6.47 percent. Q1 fiscal 2027 revenue reached USD 479 million and Q2 guidance is USD 530 million.

CRDO, KYG254571055, Illustration mit AI erstellt.

Credo Technology Group Holding Ltd. (KYG254571055) closed at USD 187.27 on Nasdaq on September 21, 2026, gaining 6.47 percent from the prior close. The move followed renewed analyst activity and attention on the company's 1.6T optical connectivity products at ECOC 2026.

Analyst targets move lower

According to MarketBeat on September 21, 2026, Mizuho cut its price target from USD 290 to USD 245 while keeping an Outperform rating. The USD 45 reduction contrasts with the stock's 6.47 percent rise to USD 187.27 on the same reported trading day.

Investing.com reported on September 21, 2026, that Mizuho cited valuation when lowering the target and that the broader consensus remained above the market price. The same report also named a USD 310 target from JPMorgan, reduced from USD 335, and a Rosenblatt target raised from USD 215 to USD 235.

Revenue doubles year over year

Credo's first-quarter fiscal 2027 results provide the operating base for the valuation debate. The company reported revenue of USD 479 million for the quarter ended before the September 1, 2026 earnings release, up 114.7 percent from the comparable period, while quarterly EPS reached USD 1.20 versus USD 0.52 a year earlier, according to MarketBeat.

For the second quarter of fiscal 2027, management guidance cited by Investing.com on September 21, 2026, calls for revenue of USD 530 million, 2.5 percent above consensus. That would represent a USD 51 million sequential increase from the USD 479 million first-quarter figure.

Stock remains below yearly high

Market data showed a market capitalization of USD 35.20 billion as of September 22, 2026. The reported 52-week range extended from USD 87.81 to USD 302.52, placing the September 21 close USD 115.25 below the high and USD 99.46 above the low.

At the September 21, 2026 Nasdaq close, Credo Technology stock stood at USD 187.27. The valuation case therefore depends on converting fiscal 2027 growth and the 1.6T optical product ramp into sustained earnings while the stock remains well below its reported 52-week high.