CRDO stock icon

Credo Technology Group
CRDO

$28.37
2.88%
 

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 innovative, 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.

Employees: 438

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 10 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,028% more call options, than puts

Call options by funds: $43.7M | Put options by funds: $3.88M

155% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 22

90% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 48

20% more capital invested

Capital invested by funds: $2.11B [Q4 2023] → $2.53B (+$414M) [Q1 2024]

19% more funds holding

Funds holding: 175 [Q4 2023] → 209 (+34) [Q1 2024]

5.16% more ownership

Funds ownership: 67.95% [Q4 2023] → 73.11% (+5.16%) [Q1 2024]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$22
22%
downside
Avg. target
$27
4%
downside
High target
$30
6%
upside

10 analyst ratings

positive
90%
neutral
0%
negative
10%
Barclays
Thomas O'Malley
6%upside
$30
Overweight
Maintained
30 May 2024
B of A Securities
Vivek Arya
22%downside
$22
Underperform
Reiterated
30 May 2024
Needham
Quinn Bolton
2%upside
$29
Buy
Maintained
30 May 2024
Craig-Hallum
Richard Shannon
6%upside
$30
Buy
Maintained
15 Apr 2024
Goldman Sachs
Toshiya Hari
8%downside
$26
Buy
Maintained
29 Feb 2024

Financial journalist opinion

Based on 4 articles about CRDO published over the past 30 days