Credo Technology shares have dropped 21% in a week, yet a path to $350 per share by 2027 exists if revenue guidance, new TAM bookings, and hyperscaler capex hold. The stock trades at a trailing P/E of 81 after revenue more than tripled to $1.34 billion in fiscal 2026, and Wall Street’s average target is $276.39, implying 31% upside. A base-case model projects $220.72 by July 2027, while reaching $350 would require a 66% gain and a forward P/E near 97x, supported by CEO Bill Brennan’s outlook on multi-billion-dollar TAMs in ZeroFlap optics, ALCs, and OmniConnect. Insider selling and non-GAAP gross margin compression to 67–69% pose risks, alongside hyperscaler concentration with the top two customers accounting for roughly two-thirds of revenue.
Credo Technology Group Holding LtdAnalyst price target of $350 by 2027 based on revenue guidance and TAM catalysts, implying 66% upside.
NVIDIA Corporation