Credo Technology GroupCRDO
Market Cap: $4.05B
About: Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Employees: 500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
500% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 6 (+5) [Q2]
186% more call options, than puts
Call options by funds: $63.8M | Put options by funds: $22.3M
124% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 29
49% more capital invested
Capital invested by funds: $2.57B [Q1] → $3.82B (+$1.25B) [Q2]
17% more funds holding
Funds holding: 212 [Q1] → 248 (+36) [Q2]
1.82% less ownership
Funds ownership: 74.22% [Q1] → 72.4% (-1.82%) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 90
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Goldman Sachs Toshiya Hari 55% 1-year accuracy 32 / 58 met price target | 27%upside $31 | Buy Maintained | 6 Sept 2024 |
Craig-Hallum Richard Shannon 33% 1-year accuracy 10 / 30 met price target | 56%upside $38 | Buy Maintained | 5 Sept 2024 |
B of A Securities Vivek Arya 44% 1-year accuracy 24 / 54 met price target | 11%upside $27 | Underperform Maintained | 5 Sept 2024 |
Roth MKM Suji Desilva 38% 1-year accuracy 16 / 42 met price target | 44%upside $35 | Buy Maintained | 5 Sept 2024 |
Barclays Thomas O'Malley 100% 1-year accuracy 3 / 3 met price target | 31%upside $32 | Overweight Maintained | 5 Sept 2024 |
Financial journalist opinion
Based on 8 articles about CRDO published over the past 30 days