Credo Technology (CRDO) Shares Soar 24.4% on Analyst Earnings Revisions, Zacks Rank #1 Momentum

Credo Technology (CRDO) shares surged 1.02% on Monday, marking the sixth consecutive day of gains with a cumulative rise of 21.11% over the past week. The stock reached its highest intraday level since September 2025, climbing 2.84% during trading hours, driven by renewed investor optimism about its financial prospects.

Analysts have significantly revised upward their earnings estimates for Credo Technology, contributing to the stock’s recent rally. The Zacks Consensus Estimate for the current quarter rose 15.72% in the past month, with the per-share earnings projection now at $0.48—a 585.7% increase year-over-year. For the full fiscal year, the consensus estimate has climbed 14.24%, reflecting heightened confidence in the company’s long-term profitability. These revisions, derived from a broad alignment of analyst expectations, signal strong market validation of Credo’s operational performance.

Complementing the earnings optimism is Credo’s Zacks Rank #1 (Strong Buy) designation, awarded based on consistent upward revisions in profit forecasts. Historical data indicates that #1-ranked stocks under this system have generated an average annual return of 25% since 2008. The absence of negative revisions over the past 30 days further reinforces the reliability of these projections, reducing uncertainty for investors and supporting sustained capital inflows into the stock.

The company’s recent 24.4% gain over four weeks aligns with the positive momentum in analyst sentiment. With all recent earnings estimates moving higher and no conflicting news to dilute the narrative, the stock remains focused on its financial fundamentals. Investors are positioning for further upside should Credo continue to meet or exceed revised targets, leveraging the proven track record of Zacks Rank #1 stocks in outperforming broader market benchmarks.