William Blair analyst Sebastien Naji has maintained their bullish stance on CRDO stock, giving a Buy rating today.
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High conviction CRDO bulls now have this Tradr ETFSebastien Naji has given his Buy rating due to a combination of factors tied to Credo’s operational strength and improving outlook. The company delivered a notably strong fiscal third quarter, with revenue more than tripling year-over-year on the back of accelerating active electrical cable demand from major hyperscale customers, including a particularly large contribution from xAI, while profitability also exceeded market expectations.
At the same time, management’s guidance points to sustained high growth into fiscal 2027, underpinned by both ongoing AEC deployments and increasing traction for newer offerings such as advanced optics, retimers, microLED, and gearbox solutions, which broaden Credo’s addressable market. With the stock’s valuation multiples having compressed in recent months even as its long-term growth drivers have strengthened, Naji views the current share price as offering an attractive risk/reward profile that supports a Buy recommendation.
According to TipRanks, Naji is a 2-star analyst with an average return of 1.5% and a 45.76% success rate. Naji covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Micron.
In another report released today, Needham also maintained a Buy rating on the stock with a $220.00 price target.