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Credo Technology Stock Soars 14.8% on Stellar Q4 Earnings

6/4/2025

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Summary

Story summary

Credo Technology (CRDO) stock jumped 14.8% following Q4 adjusted earnings of 35 cents per share and $170 million in sales, surpassing expectations.
Year-over-year, earnings soared 400%, while sales grew by 180%.
For Q1, Credo projects revenue between $185 million and $195 million, reflecting a 218% increase.
Analysts have raised price targets, with Stifel at $80 and Susquehanna at $90, driven by strong hyperscale cloud demand.

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Story summary

Credo Technology (CRDO) stock jumped 14.8% following Q4 adjusted earnings of 35 cents per share and $170 million in sales, surpassing expectations.
Year-over-year, earnings soared 400%, while sales grew by 180%.
For Q1, Credo projects revenue between $185 million and $195 million, reflecting a 218% increase.
Analysts have raised price targets, with Stifel at $80 and Susquehanna at $90, driven by strong hyperscale cloud demand.