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Benzinga
Benzinga
Business
Anusuya Lahiri

Credo Revenue Forecast Jumps 120%, Analyst Expects Hyperscaler Demand To Drive Growth

CREDO N Quinn Bolton AEC CRDO
CredoSignSan,Jose,,California,Us,-,February,14,,2025:,Credo,Brand

Credo Technology (NASDAQ:CRDO) expects fiscal 2026 revenue to jump roughly 120% year-over-year, fueled by strong demand from hyperscaler customers and adoption of its AEC products.

Analyst N. Quinn Bolton noted that client diversification, growth in optical DSPs, and PCIe retimer traction support Credo's long-term growth. Bolton kept a Buy rating and lifted the price target from $85 to $150.

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