Needham analyst Quinn Bolton has maintained their bullish stance on CRDO stock, giving a Buy rating today.
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CRDU: an alternative to margin or options on CRDOQuinn Bolton has given his Buy rating due to a combination of factors, starting with Credo’s consistent outperformance and upwardly revised outlook as accelerated AEC adoption and broader customer penetration fuel durable revenue growth through FY27. He underscores that large cloud players are likely to keep using copper-based solutions longer than previously anticipated, extending the runway for Credo’s core connectivity products.
In addition, Bolton highlights robust traction for the company’s ZF Optics offering, which is prompting earlier-than-expected production activity and supports stronger medium-term demand visibility. He also views the acquisition of CoMira Solutions as strategically important, enhancing Credo’s Ethernet and signal-integrity IP portfolio, and together these drivers support his maintained $220 price target and Buy recommendation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $260.00 price target.
Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year.