CRDO Should I Buy
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Credo Technology Group Holding Ltd (CRDO) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong revenue growth, positive market sentiment, and robust demand in the semiconductor and AI data center markets make it a compelling choice despite recent price volatility.
The MACD histogram is positive and expanding (1.208), indicating bullish momentum. RSI is neutral at 49.094, showing no overbought or oversold conditions. Moving averages are converging, suggesting a potential trend shift. Key support is at 99.507, and resistance is at 136.036, with the current price near 121.23.
Raised Q3 FY2026 revenue guidance to $404M-$408M, reflecting strong demand.
Analysts predict FY26 revenue growth exceeding 200% and EPS of $3.07, showcasing profitability.
Strong market position in AI data center connectivity with high-performance networking tools achieving up to 0.8 Tbps data flows.
Significant revenue growth in Q2 2026 (up 272.08% YoY).
Recent price drop of -5.16% in regular trading and -0.45% post-market.
Net income dropped significantly in Q2 2026 (-2055.88% YoY), and EPS declined by -1566.67%.
Broader sector volatility and competition concerns highlighted by analysts.
In Q2 2026, revenue increased by 272.08% YoY to $268.03M, driven by strong demand. However, net income dropped significantly (-2055.88% YoY) to $82.64M, and EPS fell by -1566.67% to 0.44. Gross margin improved to 67.55%, up 6.92% YoY.
Analysts have mixed views but lean positive. Recent ratings include a Buy from Roth Capital with a price target of $200 (down from $250), a Neutral from Rosenblatt with a $170 target, and multiple Buy ratings with targets ranging from $200 to $250. Analysts highlight strong growth potential but caution about increasing competition.
