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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
504% more first-time investments, than exits
New positions opened: 151 | Existing positions closed: 25
200% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 12 (+8) [Q4]
118% more capital invested
Capital invested by funds: $3.87B [Q3] → $8.42B (+$4.56B) [Q4]
46% more funds holding
Funds holding: 259 [Q3] → 378 (+119) [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
0.57% less ownership
Funds ownership: 75.48% [Q3] → 74.9% (-0.57%) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$60
39%
upside
Avg. target
$73
69%
upside
High target
$82
90%
upside
6 analyst ratings
6 positive
100%
0 neutral
0%
0 negative
0%
Barclays Thomas O'Malley 57% 1-year accuracy 4 / 7 met price target | 63%upside $70 | Overweight Maintained | 22 Apr 2025 |
Stifel Tore Svanberg 38% 1-year accuracy 21 / 55 met price target | 60%upside $69 | Buy Maintained | 17 Apr 2025 |
Mizuho Vijay Rakesh 22% 1-year accuracy 15 / 68 met price target | 90%upside $82 | Outperform Maintained | 3 Apr 2025 |
Susquehanna Christopher Rolland 7% 1-year accuracy 9 / 124 met price target | 39%upside $60 | Positive Upgraded | 10 Mar 2025 |
B of A Securities Vivek Arya 52% 1-year accuracy 59 / 114 met price target | 74%upside $75 | Buy Maintained | 5 Mar 2025 |
Financial journalist opinion
Based on 8 articles about CRDO published over the past 30 days
Positive
Zacks Investment Research
6 days ago
CRDO vs. MRVL: Which AI-focused Semiconductor Stock is the Better Buy?
Both Credo and Marvell are well-positioned to gain from the rapidly growing data center market. Let's find out which semiconductor stock is a better bet.
Positive
Seeking Alpha
1 week ago
Credo: An Easter Gift From Mr. Market (Rating Upgrade)
Credo's revenue growth is accelerating due to strong product adoption by hyperscalers, and a shift from AI training to inference workloads is another growth catalyst. The company is well-positioned for margin expansion through scale-driven operating leverage effects. I estimate another 500-600bps of EBIT margin improvement potential over the next few quarters. Valuations have moderated sharply and are now more attractive, especially since the company has simultaneously improved revenue and earnings growth expectations. This makes it a gift from Mr Market.
Positive
Seeking Alpha
3 weeks ago
Credo Technology: I Am Buying The Dip
Credo Technology's stock possesses all the hallmarks of a "Strong Buy": robust revenue growth momentum, impressive operating leverage, and a fortress balance sheet. The company benefits from high demand for its high-speed connectivity solutions, driven by the ongoing AI investment spree and digital revolution. Risks include high revenue concentration from Amazon and potential impacts from geopolitical developments and tariffs, but the long-term investment outlook remains positive.
Neutral
Zacks Investment Research
3 weeks ago
CRDO Stock Slips 9% in a Month Amid Market Jitters: Should You Buy?
Credo Technology is benefiting from an innovative portfolio and expanding AI-driven market opportunities.
Neutral
The Motley Fool
3 weeks ago
Why New AI Winners Marvell Technology, Credo Technology, and Nebius Group Plunged in March
Shares of new artificial intelligence (AI) winners Marvell Technologies (MRVL 2.67%), Credo Technologies (CRDO 7.57%), and Nebius Group (NBIS 4.07%) plunged in March, down 32.9%, 27.2%, and 35%, respectively, according to data from S&P Global Market Intelligence.
Neutral
Zacks Investment Research
4 weeks ago
CRDO's New Lark Optical DSP Saves Energy for AI Data Centers, Stock Up
Credo launches its ultra-low power Lark Optical DSP family, designed to transform 800G optical transceiver technology.
Neutral
Business Wire
4 weeks ago
Credo Unveils the Lark Family - Setting a New Benchmark for Low-Power 800G Optical DSPs
SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Unveils the Lark Family - Setting a New Benchmark for Low-Power 800G Optical DSPs.
Positive
Seeking Alpha
4 weeks ago
Credo: Robust Growth To Continue
Credo Technology Group's AEC market growth, driven by cloud partnerships, supports a 217% stock price increase, warranting a valuation assessment. AECs offer power efficiency and cost benefits over alternatives, with a projected 78% CAGR, benefiting Credo amid rising cloud AI infrastructure investments. Despite competition from Astera Labs and Marvell, Credo's strong growth and key customer relationships position it well in the expanding AEC market.
Positive
Zacks Investment Research
1 month ago
3 Semiconductor Stocks to Buy Amid Rising Data Center Demand
Here we present three semiconductor stocks, CRDO, AVGO and MRVL, which are poised to benefit from a robust demand environment in the data center market.
Neutral
Business Wire
1 month ago
Credo Named a Winner of the 2025 Top Workplaces USA Award
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, has been recognized as a winner of the 2025 Top Workplaces USA award, co-sponsored by Energage and USA TODAY. This award reflects Credo's commitment to fostering a workplace culture that empowers employees and drives innovation. Top Workplaces USA recognizes organizations with 15.
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