Credo Technology Group (CRDO)

• Market cap: $11.6B
• 1 day: 0.20%
• 5 days: -0.37%
• 1 month: 45.25%
• 3 months: 125.42%
• 6 months: 122.39%
• Year to date: 277.75%
• 1 year: 277.75%
• 5 years: 495.97%
• 10 years: 495.97%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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

18% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 45

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: $41 41% downside
• Avg. target: $68 2% downside
• High target: $80 15% upside

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

Susquehanna Christopher Rolland 48% 1-year accuracy 75 / 157 met price target	15% upside $80	Neutral Initiated	17 Dec 2024
Goldman Sachs Toshiya Hari 58% 1-year accuracy 62 / 106 met price target	6% downside $65	Buy Maintained	4 Dec 2024
Craig-Hallum Richard Shannon 86% 1-year accuracy 37 / 43 met price target	8% upside $75	Buy Maintained	3 Dec 2024
Stifel Tore Svanberg 68% 1-year accuracy 32 / 47 met price target	8% upside $75	Buy Reiterated	3 Dec 2024
Barclays Thomas O'Malley 100% 1-year accuracy 3 / 3 met price target	15% upside $80	Overweight Maintained	3 Dec 2024