Credo Technology Group (CRDO)

• Market cap: $12.8B
• 1 day: 6.18%
• 5 days: 28.37%
• 1 month: -0.51%
• 3 months: 90.29%
• 6 months: 209.96%
• Year to date: 7.50%
• 1 year: 257.81%
• 5 years: 554.51%
• 10 years: 554.51%
• 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

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

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

• Low target: $70 8% downside
• Avg. target: $81 6% upside
• High target: $90 18% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Barclays Thomas O'Malley 75% 1-year accuracy 3 / 4 met price target	18% upside $90	Overweight Maintained	17 Jan 2025
Mizuho Vijay Rakesh 47% 1-year accuracy 34 / 72 met price target	11% upside $85	Outperform Maintained	10 Jan 2025
Goldman Sachs Toshiya Hari 57% 1-year accuracy 59 / 104 met price target	10% upside $84	Buy Maintained	10 Jan 2025
Stifel Tore Svanberg 58% 1-year accuracy 26 / 45 met price target	5% upside $80	Buy Maintained	6 Jan 2025
Susquehanna Christopher Rolland 42% 1-year accuracy 67 / 158 met price target	5% upside $80	Neutral Initiated	17 Dec 2024