Credo Technology Q1 Earnings Preview: Analysts raise targets ahead of report
- Credo Technology reports Q1 earnings on Sept 1, with analysts expecting EPS of $1.17 vs $0.52 YoY
- Consensus revenue estimate is $470.38 million, up from $223.07 million in the prior year period
- B of A Securities raised its price target to $340, the highest among covered analysts
- TD Cowen and Barclays both increased targets to $300 in recent weeks
- Rosenblatt maintains a Neutral rating with a $215 price target
*this image is generated using AI for illustrative purposes only.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) will release its first-quarter earnings after the closing bell on Tuesday, Sept. 1.
Analysts project the company will report quarterly earnings of $1.17 per share, a significant increase from 52 cents per share in the year-ago period. The consensus estimate for quarterly revenue stands at $470.38 million, compared to $223.07 million reported last year.
Analyst Ratings and Price Targets
Several Wall Street analysts have adjusted their outlook for Credo Technology in recent weeks, with most maintaining bullish ratings while raising price targets.
| Analyst | Firm | Rating | Price Target | Date |
|---|---|---|---|---|
| Vivek Arya | B of A Securities | Buy | $340 | June 23, 2026 |
| Sean O’Loughlin | TD Cowen | Buy | $300 | Aug. 18, 2026 |
| Thomas O’Malley | Barclays | Overweight | $300 | July 20, 2026 |
| Christopher Rolland | Susquehanna | Positive | $250 | July 21, 2026 |
| Mike Genovese | Rosenblatt | Neutral | $215 | Aug. 24, 2026 |
B of A Securities analyst Vivek Arya maintains a Buy rating with the highest price target of $340, increased from $252 on June 23. TD Cowen’s Sean O’Loughlin and Barclays’ Thomas O’Malley both raised their targets to $300 in August and July, respectively.
Rosenblatt analyst Mike Genovese remains the outlier with a Neutral rating and a price target of $215, maintained on Aug. 24.
What the Numbers Show
The consensus revenue estimate of $470.38 million implies a projected year-over-year growth of approximately 111% against the prior year’s $223.07 million. Similarly, the expected EPS of $1.17 represents more than double the $0.52 reported in the same quarter last year. This alignment suggests analysts anticipate both top-line expansion and significant margin leverage or operational efficiency gains driving the bottom line.
Shares of Credo Technology fell 3.1% to close at $232.75 on Friday, trading below the majority of current analyst price targets despite the recent upgrades.
How might Credo Technology's Q1 earnings beat or miss against the $1.17 EPS consensus impact the recent bullish price target upgrades from firms like B of A Securities and TD Cowen?
Given the projected 111% year-over-year revenue growth, what specific drivers within the AI infrastructure or data center sectors are expected to sustain this momentum into the second half of the year?
Will the divergence between Rosenblatt's Neutral rating and the broader analyst consensus indicate underlying valuation risks that could emerge if growth rates decelerate post-Q1?
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