Credo Technology GroupCRDO
CRDO
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 7,372 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
500% more first-time investments, than exits
New positions opened: 150 | Existing positions closed: 25
200% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 12 (+8) [Q4]
97% more capital invested
Capital invested by funds: $4.27B [Q3] → $8.42B (+$4.15B) [Q4]
46% more funds holding
Funds holding: 259 [Q3] → 377 (+118) [Q4]
22% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 94
18% more call options, than puts
Call options by funds: $170M | Put options by funds: $144M
8.47% less ownership
Funds ownership: 83.39% [Q3] → 74.92% (-8.47%) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$60
33%
upside
Avg. target
$79
76%
upside
High target
$90
100%
upside
7 analyst ratings
7 positive
100%
0 neutral
0%
0 negative
0%
Susquehanna Christopher Rolland 27% 1-year accuracy 39 / 145 met price target | 33%upside $60 | Positive Upgraded | 10 Mar 2025 |
B of A Securities Vivek Arya 44% 1-year accuracy 47 / 106 met price target | 67%upside $75 | Buy Maintained | 5 Mar 2025 |
Needham Quinn Bolton 26% 1-year accuracy 38 / 145 met price target | 78%upside $80 | Buy Reiterated | 5 Mar 2025 |
Barclays Thomas O'Malley 40% 1-year accuracy 2 / 5 met price target | 100%upside $90 | Overweight Maintained | 17 Jan 2025 |
Mizuho Vijay Rakesh 16% 1-year accuracy 10 / 63 met price target | 89%upside $85 | Outperform Maintained | 10 Jan 2025 |
Financial journalist opinion
Based on 22 articles about CRDO published over the past 30 days
Neutral
Business Wire
20 hours ago
Credo Files AEC Patent Infringement Complaint Against Amphenol, Molex, TE Connectivity, and Volex with United States International Trade Commission
SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Files AEC Patent Infringement Complaint Against Amphenol, Molex, TE Connectivity, and Volex with United States International Trade Commission.
Neutral
Business Wire
1 day ago
Credo Showcasing AEC PCIe Products for AI Scaling at NVIDIA GTC 2025
SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, is excited to announce its participation in NVIDIA GTC 2025, taking place March 17-21 in San Jose, CA. Credo will showcase its Toucan PCI Express (PCIe) Gen6.x/CXL3.x retimers in a full rack demo, highlighting their role in enabling scalable AI infrastructure. In addition, Credo'.
Positive
Zacks Investment Research
3 days ago
Best Momentum Stocks to Buy for March 10th
CRDO, OOMA and PGR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 10, 2025.
Positive
Zacks Investment Research
3 days ago
New Strong Buy Stocks for March 10th
ULCC, PGR, TCBX, CRDO and ATNI have been added to the Zacks Rank #1 (Strong Buy) List on March 10, 2025.
Neutral
Seeking Alpha
5 days ago
Credo Technology Q3: Don't Blame Its Hyperscaler Concentration, Embrace It
Credo Technology reported strong Q3 earnings, beating expectations and raising Q4 revenue guidance, driven by robust AEC product shipments and expanding hyperscaler customer base. Despite 86% of Q3 revenues coming from Amazon's AWS, this concentration risk is mitigated by AWS's investment in Credo and potential diversification of suppliers. Credo remains undervalued with a forward valuation of 37x FY26 EBITDA appealing, given its entry into new markets and strong balance sheet.
Positive
Seeking Alpha
5 days ago
Credo: Deep Selloff Triggers New Buying Opportunity - Upgrade To Buy
CRDO's double digits correction has been well warranted, as the AI bubble burst thanks to DeepSeek, intensified tariff war, and decelerating infrastructure chip sales. The selloff has already triggered an improved upside potential as the connectivity company delivers triple digits topline growth, richer profit margins, and growing hyperscaler partnerships. CRDO's long-term data center related prospects remain extremely bright, as guided by numerous hyperscalers, NVDA, and TSM in the recent earning calls.
Positive
Seeking Alpha
1 week ago
Credo Technology: Broken Uptrend, Worth Watching
Shares of Credo Technology declined this week despite the company reporting strong fiscal Q3 2025 results and providing guidance for Q4 2025 that was well above the Street consensus. Negative industry sentiment and the recent correction of high-growth tech stocks are the likely culprits, and Credo's valuation is also asking for a lot of growth. Credo is delivering exceptional growth and exceeding expectations, and it is a stock worth watching.
Negative
Seeking Alpha
1 week ago
Credo Technology: The Post-Earnings Correction Is Likely Overblown
Credo Technology's stock is severely undervalued, trading at a 0.52x adjusted PEG ratio, significantly lower than the industry average, despite strong revenue and EPS growth. The company reported a substantial revenue increase of 87% QoQ and 154% YoY in Q3, beating consensus estimates by 12.17%, and EPS by 36.53%. Credo's growth is driven by high demand for faster, energy-efficient connectivity and AI infrastructure, with promising future revenue diversification reducing customer concentration risks.
Positive
Benzinga
1 week ago
Analysts Highlight Credo Hyperscaler Partnerships With Amazon, Microsoft, xAI Amid AI Boom
Credo Technology Group CRDO issued its third-quarter earnings report on Tuesday. It reported quarterly earnings of 25 cents per share.
Negative
Zacks Investment Research
1 week ago
CRDO Plunges 31% YTD: Buy, Sell or Hold the Stock Post Q3 Earnings?
Credo Technology suffers from competitive pressures and macroeconomic uncertainties despite growing demand for AI-driven solutions.
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