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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. 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.

9 Wall Street research analysts have issued 12 month price objectives for Credo Technology Group's shares. Their CRDO share price forecasts range from $11.00 to $16.00. On average, they anticipate the company's share price to reach $13.33 in the next year. This suggests that the stock has a possible downside of 2.9%.
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 the year. Since then, CRDO shares have increased by 3.2% and is now trading at $13.73.
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Credo Technology Group saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,370,000 shares, a decline of 12.3% from the April 30th total of 7,260,000 shares. Based on an average trading volume of 1,680,000 shares, the short-interest ratio is presently 3.8 days. Currently, 6.8% 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, May 31st 2023.
View our CRDO earnings forecast.

Credo Technology Group will be holding an earnings conference call on Wednesday, May 31st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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) and AB Disruptors ETF (FWD).First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

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

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

Credo Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.50%), State Street Corp (4.26%), JPMorgan Chase & Co. (2.44%), Schonfeld Strategic Advisors LLC (2.11%), Polar Asset Management Partners Inc. (1.83%) and Geode Capital Management LLC (1.22%). 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.
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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.
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One share of CRDO stock can currently be purchased for approximately $13.73.

Credo Technology Group (NASDAQ:CRDO) has a market capitalization of $2.04 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.

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.