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 7,390 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
41%
upside
Avg. target
$79
87%
upside
High target
$90
112%
upside
7 analyst ratings
7 positive
100%
0 neutral
0%
0 negative
0%
Susquehanna Christopher Rolland 24% 1-year accuracy 33 / 139 met price target | 41%upside $60 | Positive Upgraded | 10 Mar 2025 |
B of A Securities Vivek Arya 46% 1-year accuracy 48 / 105 met price target | 77%upside $75 | Buy Maintained | 5 Mar 2025 |
Needham Quinn Bolton 40% 1-year accuracy 59 / 147 met price target | 89%upside $80 | Buy Reiterated | 5 Mar 2025 |
Barclays Thomas O'Malley 40% 1-year accuracy 2 / 5 met price target | 112%upside $90 | Overweight Maintained | 17 Jan 2025 |
Mizuho Vijay Rakesh 31% 1-year accuracy 20 / 65 met price target | 100%upside $85 | Outperform Maintained | 10 Jan 2025 |
Financial journalist opinion
Based on 27 articles about CRDO published over the past 30 days
Neutral
Business Wire
9 hours 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.
Neutral
Business Wire
1 day ago
Credo to Showcase AI Scale Out Fabric Featuring Credo Optical DSPs at OFC 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, will showcase its latest optical solutions at the 50th Optical Fiber Communications (OFC) Conference, taking place April 1-3, 2025 at the Moscone Center in San Francisco. At OFC 2025, Credo will demonstrate a live AI scale-out network featuring single mode and multi-mode transceiv.
Positive
Zacks Investment Research
2 days ago
Buying the Best Top-Ranked Stocks in April
How investors can use a Zacks screen to help find some of the best Zacks Rank #1 (Strong Buy) stocks to consider buying as we head into April.
Neutral
Seeking Alpha
5 days ago
Credo Technology: Buy On Pullback The Connectivity Innovator For Hyperscalers
Credo is a leading developer of Active Electrical Cables (“AECs”) which are advanced cables that are critical in high-speed data transmission making it well positioned in the AI revolution. The company has certain competitive advantages due to its SerDes technology. This can be seen in its high gross margins. Key risk facing Credo right now: most of its revenues come from a single client hyperscaler, resulting in concentration risk.
Neutral
PRNewsWire
1 week ago
WPG Americas Accelerates High-Speed Connectivity Solutions through Credo Partnership
SAN JOSE, Calif. , March 19, 2025 /PRNewswire/ -- WPG Americas Inc. (WPGA), a leading distributor of electronic components and supply chain services, is pleased to announce its strategic partnership with Credo, a global leader in high-performance, low-power connectivity solutions.
Neutral
Seeking Alpha
1 week ago
Credo: I'm Highly Bullish On This Hidden Gem And You Should Be Too
Credo's AECs are essential in AI data centers, driving 154% YoY revenue growth. A first-mover advantage and strong demand position it for continued outperformance. Trading at fair value near its 50-week MA, with an RSI of 43, CRDO stock offers an optimal entry. Profitability ramp will lower its P/E, supporting a $90 price target. High customer concentration, lack of long-term supply contracts, and rising competition pose risks. Despite this, its growth outlook justifies a sub-2% high-alpha portfolio allocation.
Neutral
Business Wire
1 week ago
Credo and XConn to Showcase Seamless GPU Cluster at NVIDIA GTC
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, working with XConn Technologies (XConn), an innovator in advanced PCIe/CXL switch technologies, today announced a public demonstration of multi-vendor PCI Express (PCIe) 5.0 interoperability featuring the two companies' technology at the NVIDIA GTC 2025 conference. The demonstrati.
Neutral
Seeking Alpha
1 week ago
Credo: Finally, The Turning Point May Have Arrived
The recent tech sell-off hammered Credo investors, but it could have bottomed out last week. Credo's reliance on hyperscalers like AWS is a deep concern, but management's efforts to diversify revenue and projected 50% YoY growth for FY2026 offer optimism. AI infra spending isn't expected to collapse, although growth could slow. But CRDO's valuation has likely considered these risks.
Neutral
Business Wire
2 weeks 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
2 weeks 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'.
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