1. CRDO reported a 272% revenue surge in Q2 Fiscal 2026. 2. Bank of America raised CRDO price target to $240, indicating strong growth potential. 3. Analyst Arya projects $10bn total addressable market for CRDO's products. 4. Credo expects mid-single-digit sales growth through Fiscal 2027 despite competition. 5. Strength in AEC products and new customers driving continued revenue growth.
FAQ
Why Very Bullish?
CRDO's significant revenue growth and optimistic market positioning suggest substantial upward potential. Historical gains in tech sectors often followed positive analyst ratings and strong earnings reports.
How important is it?
The article highlights CRDO's robust performance, forecasting long-term growth, which is critical for investor interest.
Why Long Term?
Given the projected market growth and ongoing demand for CRDO's products, it could sustain growth beyond immediate earnings impacts, similar to past technology expansions.