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NASDAQ:CRDO

Credo Technology Group - CRDO Stock Forecast, Price & News

$8.20
+0.03 (+0.37%)
(As of 03/20/2023 05:17 PM ET)
Add
Compare
Today's Range
$7.91
▼
$8.25
50-Day Range
$8.17
▼
$19.36
52-Week Range
$7.84
▼
$19.46
Volume
2.38 million shs
Average Volume
2.55 million shs
Market Capitalization
$1.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.33

Credo Technology Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
62.6% Upside
$13.33 Price Target
Short Interest
Bearish
9.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.21mentions of Credo Technology Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$6.08 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($0.06) to ($0.09) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Business Services Sector

181st out of 317 stocks

Semiconductors & Related Devices Industry

54th out of 86 stocks

See Top Rated MarketRank™ Stocks Here

CRDO stock logo

About Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.

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CRDO Stock News Headlines

March 18, 2023 | seekingalpha.com
CRDO Credo Technology Group Holding Ltd
March 14, 2023 | finance.yahoo.com
Credo Technology Group Holding Ltd's (NASDAQ:CRDO) recent 12% pullback adds to one-year year losses, institutional owners may take drastic measures
March 20, 2023 | Weiss Ratings (Ad)
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March 14, 2023 | americanbankingnews.com
Credo Technology Group Holding Ltd (NASDAQ:CRDO) Receives $13.33 Average Target Price from Analysts
March 6, 2023 | finance.yahoo.com
Credo and EFFECT Photonics Announce Collaboration on High-Performance, Ultralow Power Coherent DSP Solutions
March 2, 2023 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Salesforce (CRM) and Credo Technology Group Holding Ltd (CRDO)
March 2, 2023 | finance.yahoo.com
Q3 2023 Credo Technology Group Holding Ltd Earnings Call
March 1, 2023 | finance.yahoo.com
Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2023 Financial Results
March 20, 2023 | Stansberry Research (Ad)
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March 1, 2023 | finance.yahoo.com
Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2023 Financial Results
March 1, 2023 | finance.yahoo.com
Credo Technology Group Holding Ltd. (CRDO) Tops Q3 Earnings and Revenue Estimates
February 28, 2023 | msn.com
Earnings Outlook For Credo Technology Group
February 23, 2023 | finance.yahoo.com
Credo to Present at 35th Annual Roth Conference
February 22, 2023 | benzinga.com
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credo Technology Group Holding Ltd. - CRDO
February 22, 2023 | technews.tmcnet.com
Bronstein, Gewirtz & Grossman, LLC Notifies Credo Technology Group Holding Ltd. (CRDO) Investors of Investigation
February 17, 2023 | benzinga.com
Credo Technology: Kaplan Fox Investigates Credo
February 16, 2023 | finance.yahoo.com
Live to Trade Another Day: 5 Risk Management Ideas to Consider
February 16, 2023 | finance.yahoo.com
Credo Schedules Third Quarter Fiscal Year 2023 Financial Results Conference Call
February 16, 2023 | finance.yahoo.com
Credo stock loses nearly half its value after largest customer cuts purchases
February 15, 2023 | benzinga.com
SHAREHOLDER ALERT: Investigation of Credo Technology Group Holding Ltd. (CRDO) Announced by Holzer & Holzer, LLC
February 15, 2023 | finance.yahoo.com
Credo Stock Loses Half Its Value - Why Is It Plunging Today
February 15, 2023 | finance.yahoo.com
Credo slumps as top customer of data center cable maker cuts orders
February 15, 2023 | finance.yahoo.com
Why Credo Technology Group Stock Collapsed Today
February 15, 2023 | finance.yahoo.com
Credo stock plunges toward record loss after largest customer cuts purchases
February 15, 2023 | finance.yahoo.com
Credo stock set for record selloff the day after a record close after largest customer cuts demand
February 10, 2023 | finance.yahoo.com
Investors in Credo Technology Group Holding (NASDAQ:CRDO) have made a return of 20% over the past year
January 3, 2023 | finance.yahoo.com
Credo to Present at 25th Annual Needham Growth Conference
See More Headlines
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CRDO Company Calendar

Today
3/20/2023
Fiscal Year End
4/30/2023
Next Earnings (Estimated)
6/07/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
N/A
Sector
Business Services
Current Symbol
NASDAQ:CRDO
CUSIP
N/A
CIK
1807794
Web
www.credosemi.com
Phone
408-664-9329
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.33
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+65.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.04)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-22,180,000.00
Net Margins
-3.15%
Pretax Margin
-5.13%
Return on Equity
2.80%
Return on Assets
2.38%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
8.07
Quick Ratio
6.91

Sales & Book Value

Annual Sales
$106.48 million
Price / Sales
11.19
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$2.40 per share
Price / Book
3.35

Miscellaneous

Outstanding Shares
147,990,000
Free Float
97,376,000
Market Cap
$1.19 billion
Optionable
Not Optionable
Beta
2.08

Key Executives

  • Mr. William J. Brennan (Age 59)
    Pres, CEO & Director
    Comp: $525.62k
  • Mr. Chi Fung Cheng (Age 54)
    Co-founder, CTO & Director
  • Mr. Yat Tung Lam (Age 56)
    Co-founder, COO & Director
    Comp: $262.5k
  • Mr. Daniel Fleming (Age 56)
    Chief Financial Officer
    Comp: $397.87k
  • Mr. Daniel J. O'Neil (Age 52)
    VP of Corp. Devel. & Investor Relations
  • Mr. Adam Thorngate-Gottlund (Age 41)
    Gen. Counsel & Sec.
  • Mr. Michael Girvan Lampe
    VP of Worldwide Sales
  • Mr. Scott Feller
    VP of Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CRDO Stock - Frequently Asked Questions

Should I buy or sell Credo Technology Group stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRDO shares.
View CRDO analyst ratings or view top-rated stocks.

What is Credo Technology Group's stock price forecast for 2023?

9 brokers have issued 12-month target prices for Credo Technology Group's stock. Their CRDO share price forecasts range from $11.00 to $16.00. On average, they predict the company's share price to reach $13.33 in the next year. This suggests a possible upside of 63.6% from the stock's current price.
View analysts price targets for CRDO or view top-rated stocks among Wall Street analysts.

How have CRDO shares performed in 2023?

Credo Technology Group's stock was trading at $13.31 on January 1st, 2023. Since then, CRDO stock has decreased by 38.8% and is now trading at $8.15.
View the best growth stocks for 2023 here.

When is Credo Technology Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our CRDO earnings forecast.

What ETFs hold Credo Technology Group's stock?

ETFs with the largest weight of Credo Technology Group (NASDAQ:CRDO) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), BlackRock Future Tech ETF (BTEK), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and First Trust US Equity Opportunities ETF (FPX).AAM Transformers ETF (TRFM).

What guidance has Credo Technology Group issued on next quarter's earnings?

Credo Technology Group issued an update on its fourth quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $30.00 million-$32.00 million, compared to the consensus revenue estimate of $55.09 million.

When did Credo Technology Group IPO?

(CRDO) raised $220 million in an IPO on Thursday, January 27th 2022. The company issued 20,000,000 shares at a price of $10.00-$12.00 per share.

What is Credo Technology Group's stock symbol?

Credo Technology Group trades on the NASDAQ under the ticker symbol "CRDO."

Who are Credo Technology Group's major shareholders?

Credo Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Point72 Asset Management L.P. (2.60%), Mass Ave Global Inc. (1.88%), T. Rowe Price Investment Management Inc. (1.72%), JPMorgan Chase & Co. (1.42%), Summit Partners Public Asset Management LLC (1.25%) and Geode Capital Management LLC (1.18%). Insiders that own company stock include Adam Thorngate-Gottlund, Chi Fung Cheng, Daniel W Fleming, Lip Bu Tan, William Joseph Brennan and Yat Tung Lam.
View institutional ownership trends.

How do I buy shares of Credo Technology Group?

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

What is Credo Technology Group's stock price today?

One share of CRDO stock can currently be purchased for approximately $8.15.

How much money does Credo Technology Group make?

Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $1.21 billion and generates $106.48 million in revenue each year. The company earns $-22,180,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.

How can I contact Credo Technology Group?

Credo Technology Group's mailing address is 1600 TECHNOLOGY DRIVE, SAN JOSE CA, KY1-1104. The official website for the company is www.credosemi.com. The company can be reached via phone at 408-664-9329 or via email at ir@credosemi.com.

This page (NASDAQ:CRDO) was last updated on 3/20/2023 by MarketBeat.com Staff