Credo Technology (CRDO) trades at $171.51, below Wall Street's average target of $279.09, which implies 62.7% upside. The stock fell about 20% in one session after its fiscal Q1 2027 report, even though revenue of $479.0M rose 114.7% and beat consensus, because GAAP gross margin slipped to 64.5% amid acquisition-related charges from the DustPhotonics deal. Stifel and J.P. Morgan both set $310.00 targets, and none of the 20 analysts rate the stock Sell. The stock is up 19.2% year to date versus 12.82% for the S&P 500, and the next test is the fiscal Q2 report, where consensus expects revenue of $531.65M.
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