CRDO icon

Credo Technology Group

73.96 USD
Updated Jan 10, 1:30 PM EST
1 day
0.00%
5 days
-1.94%
1 month
11.62%
3 months
98.60%
6 months
136.98%
Year to date
4.27%
1 year
274.67%
5 years
534.85%
10 years
534.85%
 

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

0
Funds holding %
of 6,810 funds
0
Analysts bullish %
of 9 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

36% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 78

23% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 43

3% more funds holding

Funds holding: 249 [Q2] → 257 (+8) [Q3]

1.32% more ownership

Funds ownership: 82.06% [Q2] → 83.38% (+1.32%) [Q3]

1% less capital invested

Capital invested by funds: $4.33B [Q2] → $4.27B (-$59.5M) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 4 (-2) [Q3]

72% less call options, than puts

Call options by funds: $39.7M | Put options by funds: $144M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$45
39%
downside
Avg. target
$75
2%
upside
High target
$85
15%
upside

9 analyst ratings

positive
89%
neutral
11%
negative
0%
Mizuho
Vijay Rakesh
45% 1-year accuracy
31 / 69 met price target
15%upside
$85
Outperform
Maintained
10 Jan 2025
Goldman Sachs
Toshiya Hari
62% 1-year accuracy
66 / 107 met price target
14%upside
$84
Buy
Maintained
10 Jan 2025
Stifel
Tore Svanberg
67% 1-year accuracy
31 / 46 met price target
8%upside
$80
Buy
Maintained
6 Jan 2025
Susquehanna
Christopher Rolland
50% 1-year accuracy
78 / 157 met price target
8%upside
$80
Neutral
Initiated
17 Dec 2024
Craig-Hallum
Richard Shannon
91% 1-year accuracy
39 / 43 met price target
1%upside
$75
Buy
Maintained
3 Dec 2024

Financial journalist opinion

Based on 8 articles about CRDO published over the past 30 days

Positive
Schaeffers Research
1 day ago
3 Stocks That Could Drive AI Data Center Demand
Back in October, we posed a simple question about the artificial intelligence (AI) boom; who keeps the lights on?
3 Stocks That Could Drive AI Data Center Demand
Positive
Seeking Alpha
1 day ago
Top 10 Stocks For 2025
Global markets have been impacted by geopolitical tensions, inflation, and the 2024 U.S. presidential election. With the right opportunities and strategy, investors stand to gain in 2025. In 2025, consider making data-driven decisions using a strategy that identifies stocks collectively strong on growth, value, profitability, earnings revisions, and momentum. Seeking Alpha's portfolio of Top 10 Stocks for 2024 is up 125% vs. the S&P 500's 25%, with top picks, including AppLovin up 713%, Celestica up 215%, and Modine +94%.
Top 10 Stocks For 2025
Positive
The Motley Fool
2 days ago
Why Credo Technology Rallied Over 37% in December
Shares of Credo Technology Group (CRDO -1.77%) rallied 37.3% in December, according to data from S&P Global Market Intelligence.
Why Credo Technology Rallied Over 37% in December
Positive
Seeking Alpha
3 days ago
MoneyShow's Best Investment Ideas For 2025: Part 1
MoneyShow presents top investment ideas for 2025 from their contributors. This year's edition presents a broad mix of theme-based stock picks, momentum-driven high-flyers and beaten-up stocks with turnaround potential, along with some speculative plays and ETFs. Part 1 of this series includes Domino's Pizza, Hercules Capital, Credo Technology, Clearway Energy, Verizon, Duke Energy and Essential Utilities, among others.
MoneyShow's Best Investment Ideas For 2025: Part 1
Positive
Zacks Investment Research
4 days ago
Credo Surges 284% in a Year: Is the Stock a Screaming Buy in 2025?
CRDO's strong portfolio of Active Electrical Cables and Digital Signal Processor solutions make it a long-term pick.
Credo Surges 284% in a Year: Is the Stock a Screaming Buy in 2025?
Positive
Seeking Alpha
6 days ago
Credo Technology: Riding The AI Tailwind Into 2025
Credo Technology Group is well-positioned to benefit from AI and data center growth. The company reported very strong quarterly results and provided revenue guidance that significantly exceeded expectations. Despite a premium valuation, Credo's strong revenue growth, improving margins, and multi-year AI tailwinds make it a compelling investment, especially on pullbacks.
Credo Technology: Riding The AI Tailwind Into 2025
Positive
24/7 Wall Street
3 weeks ago
Why This High Flying AI Stock is Up 90% the Past Month
From a closing share price just over $40 on November 11, to Friday's close just a nickel short of $76, Credo Technology (Nasdaq: CRDO) stock has been on an absolute tear this past month, gaining roughly 90% in just over 30 days.
Why This High Flying AI Stock is Up 90% the Past Month
Positive
Seeking Alpha
3 weeks ago
Credo's Huge AI Growth Runway Is Confirmed By An Industry Bellwether
Credo Tech is poised to benefit from a multi-year scale-out in custom data center infrastructure markets, driven by AI workloads and hyperscaler demand for efficiency. Broadcom's strong AI revenue growth and industry insights highlight a significant CAGR for custom networking solutions, benefiting companies like Credo. Credo's revenue and gross margins are accelerating, with management optimistic about future growth driven by AEC product adoption and market expansion.
Credo's Huge AI Growth Runway Is Confirmed By An Industry Bellwether
Positive
CNBC Television
1 month ago
Credo CEO Bill Brennan talks earnings surge and growth
Bill Brennan, Credo CEO, joins CNBC's 'The Exchange' to discuss Credo's beat on earnings and guidance, whether the AI run will continue through 2025, and more.
Credo CEO Bill Brennan talks earnings surge and growth
Positive
Zacks Investment Research
1 month ago
Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd.
Does Credo Technology Group Holding Ltd. (CRDO) have what it takes to be a top stock pick for momentum investors?
Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd.
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