These Analysts Boost Their Forecasts On Credo Technology Group Following Upbeat Q4 Results

Core Insights - Credo Technology Group Holding Ltd reported better-than-expected financial results for Q4 fiscal 2025, with revenue of $170.03 million, surpassing analyst estimates of $162.96 million, and adjusted earnings of 35 cents per share, exceeding expectations of 28 cents per share [1][2] Financial Performance - The company experienced a surge in demand for its high-performance connectivity solutions, particularly from hyperscaler customers for advanced AI services, a trend expected to continue [2] - For Q1, Credo Technology Group anticipates revenue between $185 million and $195 million, compared to estimates of $167.83 million, and expects an adjusted gross margin of 64% to 66% [3] Stock Performance and Analyst Ratings - Following the earnings announcement, Credo Technology shares increased by 20.6%, trading at $75.58 [3] - Analysts have adjusted their price targets for Credo Technology: - Needham raised from $80 to $85 [6] - Barclays raised from $70 to $85 [6] - Susquehanna raised from $60 to $90 [6] - Stifel raised from $69 to $80 [6]