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Credo Technology Group (CRDO) Stock Price, News & Analysis

Credo Technology Group logo
$169.70 -8.80 (-4.93%)
Closing price 10/16/2026 04:00 PM Eastern
Extended Trading
$168.95 -0.75 (-0.44%)
As of 10/16/2026 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

About Credo Technology Group Stock (NASDAQ:CRDO)

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Key Stats

Today's Range
$168.56
▼
$177.19
50-Day Range
$150.09
▼
$282.82
52-Week Range
$86.49
▼
$308.67
Volume
6.39 million shs
Average Volume
9.02 million shs
Market Capitalization
$31.90 billion
P/E Ratio
60.39
Dividend Yield
N/A
Price Target
$262.67
Consensus Rating
Moderate Buy

Company Overview

Credo Technology Group Holding Ltd. is a fabless semiconductor and connectivity solutions company that develops high-speed data-infrastructure technologies. Its products are designed to help data centers and communications networks move large volumes of information with lower power consumption and improved signal integrity.

The company’s portfolio includes serializer/deserializer (SerDes) intellectual property, application-specific integrated circuits, active electrical cables, optical digital signal processors and related connectivity platforms. These products support applications such as artificial intelligence and high-performance computing infrastructure, cloud computing, networking, telecommunications and other bandwidth-intensive systems.

Credo was founded in 2008 and is headquartered in San Jose, California. The company serves a global customer base that includes hyperscale data-center operators, original equipment manufacturers and other providers of networking and communications equipment. Credo became a publicly traded company on Nasdaq in 2022. William Brennan serves as the company’s chief executive officer.

AI Generated. May Contain Errors.

Credo Technology Group Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
96th Percentile Overall Score

CRDO MarketRank™: 
4.804997355895 of 5 stars

Credo Technology Group scored higher than 96% of companies evaluated by MarketBeat, and ranked 45th out of 594 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Credo Technology Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 1 strong buy rating, 14 buy ratings, 3 hold ratings, and no sell ratings.

  • Upside Potential

    Credo Technology Group has a consensus price target of $262.67, representing about 54.8% upside from its current price of $169.70.

  • Amount of Analyst Coverage

    Credo Technology Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Credo Technology Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Credo Technology Group are expected to grow by 65.34% in the coming year, from $5.02 to $8.30 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Credo Technology Group is 60.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 44.30.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Credo Technology Group is 60.39, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 76.58.

  • Price to Earnings Growth Ratio

    Credo Technology Group has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Credo Technology Group has a P/B Ratio of 15.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Credo Technology Group's valuation and earnings.
  • Percentage of Shares Shorted

    6.60% of the float of Credo Technology Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Credo Technology Group has a short interest ratio ("days to cover") of 1.29, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Credo Technology Group has recently increased by 30.99%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Credo Technology Group does not currently pay a dividend.

  • Dividend Growth

    Credo Technology Group does not have a long track record of dividend growth.

  • News Sentiment

    Credo Technology Group has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 43 news articles for Credo Technology Group this week, compared to 11 articles on an average week.
  • Search Interest

    Only 116 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.
  • MarketBeat Follows

    102 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 127% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Credo Technology Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $95,025,003.00 in company stock.

  • Percentage Held by Insiders

    9.06% of the stock of Credo Technology Group is held by insiders.

  • Percentage Held by Institutions

    80.46% of the stock of Credo Technology Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Credo Technology Group's insider trading history.
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CRDO Stock News Headlines

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Jeff Brown, founder and CEO of Brownstone Research, says a new market cycle he calls the million dollar cycle is set to begin by October 20. Brown has built a new model portfolio featuring five AI plays tied to this pattern, which he says has repeated with a track record of success in the past. He notes this cycle unfolds outside the traditional stock market, combined with the ongoing AI boom.tc pixel
Credo Technology logo displayed in a data center aisle lined with illuminated server racks and fiber cables.
Beyond the GPU: Credo Paves the Next AI Data Superhighway
Credo Technology Group targets AI data center bottlenecks with new optical cabling and memory tech, posting 115% revenue growth despite a recent stock pullback.
See More Headlines

CRDO Stock Analysis - Frequently Asked Questions

Credo Technology Group's stock was trading at $143.89 at the beginning of the year. Since then, CRDO stock has increased by 17.9% and is now trading at $169.70.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) released its quarterly earnings data on Tuesday, September, 1st. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. Credo Technology Group's revenue for the quarter was up 114.7% on a year-over-year basis.
Read the conference call transcript
.

Credo Technology Group (CRDO) raised $220 million in an initial public offering on Wednesday, January 26th 2022. The company issued 20,000,000 shares at a price of $10.00-$12.00 per share.

Top institutional shareholders of Credo Technology Group include Zevenbergen Capital Investments LLC (0.22%), Elemental Capital Partners LLC (0.13%), Congress Asset Management Co. (0.07%) and Assenagon Asset Management S.A. (0.03%). Insiders that own company stock include Pantas Sutardja, Chi Fung Cheng, Yat Tung Lam, William Joseph Brennan, William Joseph Brennan, Daniel W Fleming, Lip Bu Tan, Adam Thorngate-Gottlund, James Laufman, Manpreet Khaira, Sylvia Acevedo and Fariba Danesh.
View institutional ownership trends
.

Shares of CRDO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Credo Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Broadcom (AVGO), Palantir Technologies (PLTR), Taiwan Semiconductor Manufacturing (TSM) and Vertiv (VRT).

Company Calendar

Last Earnings
9/01/2026
Today
10/18/2026
Next Earnings (Estimated)
12/02/2026
Fiscal Year End
4/30/2027

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & Semiconductor Equipment
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRDO
CIK
1807794
Fax
N/A
Employees
807
Year Founded
2008

Price Target and Rating

High Price Target
$310.00
Low Price Target
$200.00
Potential Upside/Downside
+54.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

EPS (Trailing Twelve Months)
$2.81
Trailing P/E Ratio
60.39
Forward P/E Ratio
33.80
P/E Growth
0.68
Net Income
$472.28 million
Net Margins
33.83%
Pretax Margin
33.91%
Return on Equity
28.77%
Return on Assets
25.93%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
7.40
Quick Ratio
5.82

Sales & Book Value

Annual Sales
$1.34 billion
Price / Sales
23.89
Cash Flow
$2.81 per share
Price / Cash Flow
60.40
Book Value
$11.19 per share
Price / Book
15.17

Miscellaneous

Outstanding Shares
187,950,000
Free Float
170,924,000
Market Cap
$31.90 billion
Optionable
Optionable
Beta
3.25

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This page (NASDAQ:CRDO) was last updated on 10/16/2026 by MarketBeat.com Staff.
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