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

Credo Technology Group logo
$212.58 -8.25 (-3.74%)
As of 10:22 AM Eastern
This is a fair market value price provided by Massive. Learn more.

About Credo Technology Group Stock (NASDAQ:CRDO)

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Key Stats

Today's Range
$208.10
▼
$217.19
50-Day Range
$150.09
▼
$282.82
52-Week Range
$86.49
▼
$308.67
Volume
1.51 million shs
Average Volume
7.50 million shs
Market Capitalization
$39.96 billion
P/E Ratio
75.20
Dividend Yield
N/A
Price Target
$262.67
Consensus Rating
Moderate Buy

Company Overview

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products. These solutions support the transmission of data between network switches, servers, storage systems and other components, helping customers address the increasing bandwidth requirements of modern data centers.

Credo was founded in 2008 and is headquartered in San Jose, California. The company serves customers and infrastructure providers across global data center, telecommunications and enterprise markets. Credo Technology Group became a publicly traded company on the Nasdaq under the symbol CRDO in 2022.

AI Generated. May Contain Errors.

Credo Technology Group Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
92nd Percentile Overall Score

CRDO MarketRank™: 

Credo Technology Group scored higher than 92% of companies evaluated by MarketBeat, and ranked 57th out of 597 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 18.9% upside from its current price of $220.83.

  • 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 78.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.02.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Credo Technology Group is 78.59, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 82.11.

  • Price to Earnings Growth Ratio

    Credo Technology Group has a PEG Ratio of 0.85. 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 19.73. 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

    5.04% 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 0.79, 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 28.97%, 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 0.45. 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 news sentiment score is similar to the average news sentiment of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 39 news articles for Credo Technology Group this week, compared to 11 articles on an average week.
  • Search Interest

    Only 165 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
  • MarketBeat Follows

    103 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 58% 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 $90,449,859.00 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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CRDO Stock Analysis - Frequently Asked Questions

Credo Technology Group's stock was trading at $143.89 at the start of the year. Since then, CRDO stock has increased by 53.5% and is now trading at $220.83.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) announced its quarterly earnings results on Tuesday, September, 1st. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. Credo Technology Group's revenue was up 114.7% compared to the same quarter last year.
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 $10.00-$12.00 per share.

Credo Technology Group's top institutional shareholders include Congress Asset Management Co. (0.07%), GoalVest Advisory LLC (0.01%), Polaris Financial Partners and Juncture Wealth Strategies LLC. 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), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Palo Alto Networks (PANW), Netflix (NFLX) and Adobe (ADBE).

Company Calendar

Last Earnings
9/01/2026
Today
10/07/2026
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
+23.9%
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
76.84
Forward P/E Ratio
42.22
P/E Growth
0.85
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
$1.59 billion
Price / Sales
25.04
Cash Flow
$2.80 per share
Price / Cash Flow
75.63
Book Value
$11.19 per share
Price / Book
18.94

Miscellaneous

Outstanding Shares
187,952,000
Free Float
170,924,000
Market Cap
$39.83 billion
Optionable
Optionable
Beta
3.25

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This page (NASDAQ:CRDO) was last updated on 10/7/2026 by MarketBeat.com Staff.
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