Credo Technology GroupCRDO
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 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
9 analyst ratings
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