CRDO Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Given the user's long-term investment strategy and beginner status, Credo Technology Group (CRDO) is not an ideal buy at the moment. Despite strong revenue growth and positive analyst sentiment, the recent sharp price drop, declining net income, and lack of immediate trading signals suggest waiting for more stability before entering a position.
The stock's RSI is neutral at 33.649, indicating no clear overbought or oversold conditions. MACD is positive but contracting, suggesting weakening bullish momentum. The current price of $113.51 is near the S1 support level of $113.841, with resistance at $122.172. The stock has a 60% chance to gain 1.83% in the next week and 6.51% in the next month, but the short-term trend remains uncertain.
Analysts from JPMorgan and Goldman Sachs maintain positive ratings, citing overdone selloff and favorable near-term setups.
Partnership with TensorWave to enhance AI cluster infrastructure performance.
Strong revenue growth of 272.08% YoY in Q2 2026.
Recent sharp price drop of -7.27% in regular trading and -0.85% post-market.
Net income and EPS have significantly declined YoY (-2055.88% and -1566.67%, respectively).
Increased competition in the active electrical cables market, as noted by analysts.
In Q2 2026, Credo Technology reported a 272.08% YoY revenue increase to $268.03M. However, net income dropped significantly by -2055.88% YoY to $82.64M, and EPS fell by -1566.67% YoY to $0.44. Gross margin improved to 67.55%, up 6.92% YoY.
Analysts are generally bullish, with multiple Buy ratings and price targets ranging from $165 to $240. JPMorgan and Goldman Sachs highlight favorable setups and overdone selloff concerns, while others note potential risks from increased competition.
