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

10 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, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CRDO shares.
View CRDO analyst ratings or view top-rated stocks.

10 equities research analysts have issued twelve-month target prices for Credo Technology Group's stock. Their CRDO share price forecasts range from $11.00 to $20.00. On average, they anticipate the company's stock price to reach $15.30 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
View analysts price targets for CRDO or view top-rated stocks among Wall Street analysts.

Credo Technology Group's stock was trading at $13.31 at the beginning of 2023. Since then, CRDO shares have increased by 14.6% and is now trading at $15.25.
View the best growth stocks for 2023 here.

Credo Technology Group saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,770,000 shares, an increase of 6.3% from the August 31st total of 7,310,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 4.1 days. Currently, 7.2% of the company's shares are sold short.
View Credo Technology Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our CRDO earnings forecast.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) announced its earnings results on Thursday, August, 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The company earned $35.10 million during the quarter, compared to the consensus estimate of $34.27 million. Credo Technology Group had a negative trailing twelve-month return on equity of 5.41% and a negative net margin of 16.30%. The company's revenue was down 24.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share.

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).

Credo Technology Group issued an update on its second quarter 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $42.00 million-$44.00 million, compared to the consensus revenue estimate of $40.32 million.

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

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

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.

One share of CRDO stock can currently be purchased for approximately $15.25.

Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $2.27 billion and generates $184.19 million in revenue each year. The company earns $-16,550,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

The company employs 438 workers across the globe.

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.