Credo Technology: The Post-Earnings Correction Is Likely Overblown
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Credo Technology's stock is undervalued despite strong revenue and EPS growth, with a significant increase in Q3 revenue and EPS beating estimates. The company's growth is driven by demand for faster connectivity and AI infrastructure, with future revenue diversification reducing risks.
March 06, 2025 | 9:30 am
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Credo Technology's stock is undervalued with a 0.52x adjusted PEG ratio, despite strong Q3 revenue and EPS growth. The company beat revenue estimates by 12.17% and EPS by 36.53%, driven by demand for faster connectivity and AI infrastructure.
Credo Technology's strong Q3 performance, with significant revenue and EPS growth, suggests the stock is undervalued. The company's growth prospects in connectivity and AI infrastructure, along with revenue diversification, indicate a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100