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CRDO Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
280.500
Open
252.490
VWAP
264.69
Vol
7.50M
Mkt Cap
49.52B
Low
248.020
Amount
1.99B
EV/EBITDA(TTM)
90.96
Total Shares
186.48M
EV
43.67B
EV/OCF(TTM)
94.05
P/S(TTM)
34.31
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.
Show More

Events Timeline

(ET)
2026-06-02
09:00:00
S&P 500 Futures Modestly Lower, HPE Shares Up 27%
select

News

Fool
8.5
12:06 PMFool
Investment Choices in High-Speed Data Centers
  • Credo's Growth: Credo Technology Group reported approximately $1.3 billion in revenue for FY 2026, reflecting a remarkable 205.7% increase, with net income nearing $472.3 million, indicating a significant improvement in profitability and marking a new phase of financial maturity for the firm.
  • Marvell's Performance: Marvell Technology generated around $8.2 billion in revenue for FY 2026, a growth of 42.1%, with net income close to $2.7 billion, demonstrating a powerful turnaround and significant returns from recent AI investments after previous years of losses.
  • Customer Concentration Risks: Credo relies on its top ten customers for about 90% of its revenue, with two customers exceeding 10%, adding substantial risk to its business model, while Marvell faces similar challenges with 37% of its revenue coming from a single distributor, potentially impacting long-term stability.
  • Strategic Investments and Market Position: Marvell secured a $2 billion strategic investment from Nvidia and joined the S&P 500 in June, which is expected to broaden institutional ownership and enhance market stability, while Credo needs to diversify its customer base to mitigate risks.
NASDAQ.COM
6.5
12:04 PMNASDAQ.COM
Comparative Analysis of High-Growth Tech Stocks
  • Significant Revenue Growth: Credo Technology Group reported approximately $1.3 billion in revenue for FY 2026, reflecting a remarkable 205.7% increase, indicating strong demand for high-speed connectivity solutions, although its customer concentration of 90% adds substantial business risk.
  • Improved Profitability: The company achieved a net income of nearly $472.3 million in the same year, marking a shift from net losses recorded two years prior, which suggests a significant improvement in financial health that may attract more investor interest.
  • Competitive Market Pressure: Marvell Technology generated approximately $8.2 billion in revenue for FY 2026, a 42.1% increase, and achieved nearly $2.7 billion in net income, showcasing its strong competitive position in data infrastructure, particularly through its partnership with Amazon.
  • Customer Concentration Risks: Despite Marvell's robust financial performance, approximately 37% of its revenue comes from a single distributor, indicating that the company also faces customer concentration risks that could impact its long-term stability.
Fool
8.5
07-06Fool
Surge in Data Center Demand Fuels AI Industry Growth
  • Data Center Power Demand: Goldman Sachs forecasts that data center power demands will double from 2025 to 2027, reaching 66 gigawatts, which will drive infrastructure investments and enhance market competitiveness.
  • Global Market Expansion: The global data center market size is expected to grow from $425 billion this year to $902.2 billion by 2033, indicating strong demand for AI and cloud computing services, attracting more investor interest in related companies.
  • Nvidia's Market Leadership: Nvidia's market cap has reached $4.7 trillion, with its stock price increasing by 850% over the past five years, and it plans to raise its quarterly dividend from $0.01 to $0.25, reflecting strong cash flow and shareholder return strategies.
  • Growth of Astera Labs and Credo: Astera Labs reported first-quarter revenue of $308.4 million, up 93% year-over-year, while Credo Technology's sales reached $437 million, up 157%, highlighting the rapid development and market potential in the AI infrastructure sector.
NASDAQ.COM
7.5
07-06NASDAQ.COM
Nvidia Expands Focus to Networking and Connectivity
  • Surging Market Demand: According to Goldman Sachs, data center power demands are expected to double from 2025 to 2027, reaching 66 gigawatts, highlighting the urgent need for efficient computing and networking to support AI workloads.
  • Nvidia's Strategic Shift: Nvidia's next-generation Vera Rubin architecture, utilizing NVLink chip-to-chip interconnects, opens a new $200 billion market, with nearly $20 billion in CPU revenue projected for this year, further solidifying its leadership in AI data centers.
  • Astera Labs' Rapid Growth: Astera Labs reported first-quarter revenue of $308.4 million, up 93% year-over-year, with net income of $80.3 million, reflecting strong performance in AI infrastructure, and its stock has surged 144% this year, leading to its addition to the Nasdaq-100 index.
  • Credo Technology's Market Potential: Credo's fiscal Q4 2026 sales reached $437 million, a 157% increase year-over-year, with net income of $226.7 million, underscoring its significance in AI infrastructure, and its stock has risen 68% this year, positioning it as a foundational network architecture partner for clients.
NASDAQ.COM
4.5
07-06NASDAQ.COM
Consumer Staples ETF Underperforms Amid Market Decline
  • ETF Decline: The Consumer Staples Select Sector SPDR Fund ETF fell approximately 1.8% in Monday afternoon trading, indicating a weak sentiment in the consumer staples sector that could undermine investor confidence and lead to capital outflows.
  • Weak Individual Stocks: Within the ETF, Constellation Brands shares dropped about 5.8%, while General Mills fell approximately 4.4%, suggesting a potential decline in consumer demand for these brands, which may adversely affect their future performance.
  • Market Sentiment Fluctuation: The overall decline in the consumer staples sector may be linked to concerns about the economic outlook, prompting investors to reassess their investment strategies in this sector, resulting in capital outflows.
  • Shift in Investor Focus: As the consumer staples ETF underperforms, investors may redirect their attention to other sectors with greater growth potential, potentially putting further pressure on valuations within the consumer staples industry.
NASDAQ.COM
9.5
07-03NASDAQ.COM
July Trading Outlook: Opportunities for Investors
  • Profitability Analysis: Micron Technology (MU) boasts a net profit margin of 55.9% over the past 12 months, with an expected earnings growth rate of 791% this year, highlighting its strong performance in the memory and storage sector, making it a focal point for investors.
  • Market Outlook: Credo Technology (CRDO) shows a net profit margin of 35.4% and an anticipated earnings growth rate of 72.8%, providing high-speed Ethernet and PCIe solutions, indicating its competitive edge in the global market and potential as a preferred investment.
  • Industry Comparison: TD SYNNEX (SNX) has a lower net profit margin of 1.6%, yet its expected earnings growth rate of 43.1% in the IT distribution and solutions aggregation space remains noteworthy, suggesting potential growth opportunities.
  • Investment Strategy: By utilizing Zacks Rank #1 screening alongside sales and net income growth metrics from the past 12 months, investors can narrow down from over 7,685 stocks to 14 high-quality picks, showcasing strong market performance potential.
Wall Street analysts forecast CRDO stock price to rise
13 Analyst Rating
Wall Street analysts forecast CRDO stock price to rise
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
170.00
Averages
221.82
High
260.00
Current: 0.000
sliders
Low
170.00
Averages
221.82
High
260.00
BofA
Buy
maintain
$252 -> $340
AI Analysis
2026-06-23
Reason
BofA
Price Target
$252 -> $340
AI Analysis
2026-06-23
maintain
Buy
Reason
BofA raised the firm's price target on Credo Technology to $340 from $252 and keeps a Buy rating on the shares. The firm updated its semis industry models and price objectives to conform to the updated industry estimates, raising its calendar year 2030 total semis industry addressable market forecast to $2.7T from $2.3T, led mostly by growth in memory and data center, and also incrementally by recovery in auto and industrial markets.
Evercore ISI
Mark Lipacis
initiated
$325
2026-06-22
Reason
Evercore ISI
Mark Lipacis
Price Target
$325
2026-06-22
initiated
Reason
Evercore ISI analyst Mark Lipacis initiated coverage of Credo Technology with an Outperform rating and $325 price target. The firm senses that Credo is viewed as a copper-based AI-connectivity play, but believes the company will be increasingly viewed as a broad copper plus optical AI-connectivity play as it executes its optical roadmap, the analyst tells investors. Near-term, the firm models 100% and 60% growth for its AEC solutions in calendar year 2026 and 2027, respectively, and longer term it models $13-plus in 2028 EPS, 40% higher than Street estimates, the analyst noted.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CRDO
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Valuation Metrics

The current forward P/E ratio for Credo Technology Group Holding Ltd (CRDO.O) is 40.98, compared to its 5-year average forward P/E of 54.48. For a more detailed relative valuation and DCF analysis to assess Credo Technology Group Holding Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
54.48
Current PE
40.98
Overvalued PE
181.49
Undervalued PE
-72.53

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
35.12
Current EV/EBITDA
32.89
Overvalued EV/EBITDA
139.70
Undervalued EV/EBITDA
-69.46

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
13.43
Current PS
12.36
Overvalued PS
18.09
Undervalued PS
8.77

Financials

AI Analysis
Annual
Quarterly

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Whales Holding CRDO

R
Rafferty Asset Management, LLC
Holding
CRDO
+45.15%
3M Return
S
Summit Partners Public Asset Management, LLC
Holding
CRDO
+41.77%
3M Return
G
Granahan Investment Management, LLC
Holding
CRDO
+36.30%
3M Return
W
Wt Asset Management Ltd
Holding
CRDO
+27.63%
3M Return
P
Polar Capital Holdings Plc
Holding
CRDO
+27.52%
3M Return
F
Fubon Asset Management Co., Ltd.
Holding
CRDO
+24.40%
3M Return

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Frequently Asked Questions

What is Credo Technology Group Holding Ltd (CRDO) stock price today?

The current price of CRDO is 265.55 USD — it has increased 9.77

What is Credo Technology Group Holding Ltd (CRDO)'s business?

Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.

What is the price predicton of CRDO Stock?

Wall Street analysts forecast CRDO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRDO is221.82 USD with a low forecast of 170.00 USD and a high forecast of 260.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Credo Technology Group Holding Ltd (CRDO)'s revenue for the last quarter?

Credo Technology Group Holding Ltd revenue for the last quarter amounts to 437.00M USD, increased 157.02

What is Credo Technology Group Holding Ltd (CRDO)'s earnings per share (EPS) for the last quarter?

Credo Technology Group Holding Ltd. EPS for the last quarter amounts to 0.88 USD, increased 340.00

How many employees does Credo Technology Group Holding Ltd (CRDO). have?

Credo Technology Group Holding Ltd (CRDO) has 807 emplpoyees as of July 07 2026.

What is Credo Technology Group Holding Ltd (CRDO) market cap?

Today CRDO has the market capitalization of 49.52B USD.