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T   15.02 (+0.07%)
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NASDAQ:CRDO

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

$15.25
+0.23 (+1.53%)
(As of 04:00 PM ET)
Compare
Today's Range
$15.11
$15.31
50-Day Range
$13.89
$17.05
52-Week Range
$7.20
$19.46
Volume
970,255 shs
Average Volume
2.13 million shs
Market Capitalization
$2.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.30

Credo Technology Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.3% Upside
$15.30 Price Target
Short Interest
Bearish
7.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.16mentions of Credo Technology Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$13.33 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.06 Per Share

Overall MarketRank

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

1.23 out of 5 stars

Business Services Sector

307th out of 319 stocks

Semiconductors & Related Devices Industry

84th out of 86 stocks


CRDO stock logo

About Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd provides various high-speed connectivCredo 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 HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is headquartered in San Jose, California.ity 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.

CRDO Price History

CRDO Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
What 8 Analyst Ratings Have To Say About Credo Technology Group
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Why Credo Technology Stock Rose This Week
Credo Technology Group Holding Ltd (CRDO) Gets a Buy from Craig-Hallum
Credo: Super Growth On HiWire Adoption
See More Headlines
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CRDO Company Calendar

Last Earnings
8/24/2023
Today
9/29/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CRDO
Fax
N/A
Employees
438
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.30
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+1.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$-16,550,000.00
Pretax Margin
-17.19%

Debt

Sales & Book Value

Annual Sales
$184.19 million
Book Value
$2.32 per share

Miscellaneous

Free Float
114,187,000
Market Cap
$2.25 billion
Optionable
Not Optionable
Beta
2.01
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Key Executives

  • Mr. William J. Brennan (Age 59)
    Pres, CEO & Director
    Comp: $857.5k
  • Mr. Chi Fung Cheng (Age 54)
    Co-founder, CTO & Director
    Comp: $535.21k
  • Mr. Yat Tung Lam (Age 56)
    Co-founder, COO & Director
    Comp: $458.75k
  • Mr. Daniel Fleming (Age 56)
    Chief Financial Officer
    Comp: $589.02k
  • Mr. Adam Thorngate-Gottlund (Age 41)
    Gen. Counsel & Sec.
    Comp: $432.25k
  • Mr. Daniel J. O'Neil (Age 52)
    VP of Corp. Devel. & Investor Relations
  • Mr. Michael Girvan Lampe
    VP of Worldwide Sales
  • Mr. Scott Feller
    VP of Marketing













CRDO Stock - Frequently Asked Questions

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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRDO shares.
View CRDO analyst ratings
or view top-rated stocks.

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

10 equities research analysts have issued 1 year price targets 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 share price to reach $15.30 in the next year. This suggests a possible upside of 1.9% 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 shares have increased by 12.8% and is now trading at $15.02.
View the best growth stocks for 2023 here
.

Are investors shorting Credo Technology Group?

Credo Technology Group saw a increase in short interest during 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 trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 7.2% of the shares of the company are short sold.
View Credo Technology Group's Short Interest
.

When is Credo Technology Group's next earnings date?

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

How were Credo Technology Group's earnings last quarter?

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

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).

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

Credo Technology Group updated 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.

When did Credo Technology Group IPO?

(CRDO) raised $220 million in an initial public offering on Thursday, January 27th 2022. The company issued 20,000,000 shares at $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."

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 $15.02.

How much money does Credo Technology Group make?

Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $2.25 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.

How many employees does Credo Technology Group have?

The company employs 438 workers across the globe.

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 9/29/2023 by MarketBeat.com Staff

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