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

8 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, 1 hold rating 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.

8 Wall Street analysts have issued 1-year target prices for Credo Technology Group's stock. Their CRDO share price targets range from $16.00 to $30.00. On average, they predict the company's stock price to reach $24.25 in the next year. This suggests a possible upside of 43.3% 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 $19.47 at the beginning of 2024. Since then, CRDO shares have decreased by 13.1% and is now trading at $16.92.
View the best growth stocks for 2024 here.

Credo Technology Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 11,040,000 shares, an increase of 10.5% from the March 15th total of 9,990,000 shares. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 8.8% 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 29th 2024.
View our CRDO earnings forecast.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) issued its earnings results on Tuesday, February, 27th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company earned $53.06 million during the quarter, compared to analyst estimates of $51.91 million. Credo Technology Group had a negative trailing twelve-month return on equity of 7.82% and a negative net margin of 20.59%. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS.

ETFs with the largest weight of Credo Technology Group (NASDAQ:CRDO) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco Semiconductors ETF (PSI) and Invesco Dorsey Wright Technology Momentum ETF (PTF).BlackRock Future Tech ETF (BTEK).

Credo Technology Group updated its fourth quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $59.0 million-$62.0 million, compared to the consensus revenue estimate of $59.8 million.

Credo Technology Group (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's stock is owned by a variety of retail and institutional investors. Top institutional investors include AMF Tjanstepension AB (1.05%), Allspring Global Investments Holdings LLC (0.22%), Diversified Trust Co (0.02%), Harbour Capital Advisors LLC (0.01%), Sumitomo Mitsui Trust Holdings Inc. (0.01%) and Counterpoint Mutual Funds LLC (0.01%). Insiders that own company stock include Adam Thorngate-Gottlund, Chi Fung Cheng, Daniel W Fleming, Lip Bu Tan, Pantas Sutardja, William Joseph Brennan, William Joseph Brennan and Yat Tung Lam.
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.
Compare Top Brokerages Here.