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

Credo Technology Group logo
$206.89 -10.61 (-4.88%)
Closing price 04:00 PM Eastern
Extended Trading
$203.43 -3.46 (-1.67%)
As of 08:00 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
$202.68
$234.22
50-Day Range
$87.81
$236.03
52-Week Range
$66.75
$245.95
Volume
15.60 million shs
Average Volume
7.44 million shs
Market Capitalization
$38.16 billion
P/E Ratio
86.31
Dividend Yield
N/A
Price Target
$248.41
Consensus Rating
Moderate Buy

Company Overview

Credo Technology Group Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
82nd Percentile Overall Score

CRDO MarketRank™: 

Credo Technology Group scored higher than 82% of companies evaluated by MarketBeat, and ranked 306th out of 631 stocks in the computer and 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 2.94, and is based on 1 strong buy rating, 15 buy ratings, 2 hold ratings, and no sell ratings.

  • Upside Potential

    Credo Technology Group has a consensus price target of $248.41, representing about 20.1% upside from its current price of $206.89.

  • Amount of Analyst Coverage

    Credo Technology Group has been the subject of 13 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 16.14% in the coming year, from $3.78 to $4.39 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Credo Technology Group is 83.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.59.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Credo Technology Group is 83.42, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 79.91.

  • Price to Earnings Growth Ratio

    Credo Technology Group has a PEG Ratio of 1.44. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Credo Technology Group has a P/B Ratio of 51.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    6.89% 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 2, 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 18.11%, 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 0.86. 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 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 62 news articles for Credo Technology Group this week, compared to 14 articles on an average week.
  • Search Interest

    Only 210 people have searched for CRDO on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • MarketBeat Follows

    127 people have added Credo Technology Group to their MarketBeat watchlist in the last 30 days. This is an increase of 79% 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 $50,371,351.00 in company stock.

  • Percentage Held by Insiders

    11.84% of the stock of Credo Technology Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • 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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A Credo Technology Group rack-mount networking device with fiber optic cables connected in a data center.
Credo Technologies Paved a Path to a $300 Price Point
Credo Technologies is gaining momentum and set up to succeed long-term as optics take center stage and design wins improve visibility.
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3 Up-and-Coming Stocks That Could Be the Next NVIDIA
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Server hardware with multiple processors and high-density cables inside a data center facility.
5 Stocks Positioned to Benefit From the AI Inference Boom (CRDO)
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CRDO Stock Analysis - Frequently Asked Questions

Credo Technology Group's stock was trading at $143.89 on January 1st, 2026. Since then, CRDO shares have increased by 43.8% and is now trading at $206.89.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) announced its earnings results on Monday, June, 1st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group's revenue was up 157.0% compared to the same quarter last year.
Read the conference call transcript
.

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

Credo Technology Group's top institutional investors include Bank of America Corp DE (1.04%), Swedbank AB (0.84%), Atreides Management LP (0.59%) and The Manufacturers Life Insurance Company (0.57%). Insiders that own company stock include Chi Fung Cheng, Pantas Sutardja, Yat Tung Lam, Daniel W Fleming, Lip Bu Tan, William Joseph Brennan, William Joseph Brennan, Adam Thorngate-Gottlund, James Laufman, Manpreet Khaira and Sylvia Acevedo.
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
6/01/2026
Today
6/05/2026
Fiscal Year End
4/30/2027

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
ELEC COMP - SEMIC
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CRDO
CIK
1807794
Fax
N/A
Employees
380
Year Founded
2008

Price Target and Rating

High Price Target
$300.00
Low Price Target
$200.00
Potential Upside/Downside
+20.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
18 Analysts

Profitability

EPS (Trailing Twelve Months)
$2.48
Trailing P/E Ratio
83.42
Forward P/E Ratio
54.73
P/E Growth
1.44
Net Income
$52.18 million
Net Margins
35.37%
Pretax Margin
32.31%
Return on Equity
36.99%
Return on Assets
32.98%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
10.81
Quick Ratio
9.56

Sales & Book Value

Annual Sales
$1.34 billion
Price / Sales
28.58
Cash Flow
$0.43 per share
Price / Cash Flow
485.93
Book Value
$4.01 per share
Price / Book
51.59

Miscellaneous

Outstanding Shares
184,450,000
Free Float
162,611,000
Market Cap
$38.16 billion
Optionable
Optionable
Beta
3.22

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This page (NASDAQ:CRDO) was last updated on 6/5/2026 by MarketBeat.com Staff.
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