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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
274.900
Open
258.740
VWAP
266.47
Vol
9.35M
Mkt Cap
50.69B
Low
252.690
Amount
2.49B
EV/EBITDA(TTM)
102.58
Total Shares
186.48M
EV
49.25B
EV/OCF(TTM)
106.07
P/S(TTM)
38.55
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.
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Events Timeline

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

News

NASDAQ.COM
9.5
06-19NASDAQ.COM
Astera Labs Reports 93% Revenue Growth in Q1 2026 Driven by AI Demand
  • Strong Revenue Growth: Astera Labs reported revenues of $308.4 million in Q1 2026, reflecting a 14% sequential increase and an impressive 93% year-over-year growth, underscoring its robust performance in the AI infrastructure market.
  • Product Line Impact: The broad adoption of the Aries and Taurus product lines has driven sales across the signal conditioning and switch portfolios, particularly with Aries' PCIe 6 signal conditioning solutions becoming integral to AI infrastructure.
  • Optimistic Outlook: Astera Labs expects revenues between $355 million and $365 million for Q2 2026, implying a sequential growth of 15% to 18%, indicating sustained strong demand for its products.
  • Intensifying Market Competition: Despite Astera Labs' strong performance, it faces stiff competition from Marvell and Credo Technology, both of which are expanding their portfolios in the connectivity space, potentially impacting Astera Labs' market share.
CNBC
9.5
06-18CNBC
Enphase Energy Shares Surge Following Production Announcement
  • Enphase Energy Surge: Enphase Energy's shares jumped 10% after announcing the commencement of production shipments for its IQ9S microinverters, indicating strong growth potential in the global energy technology sector.
  • AI-Related Stocks Rally: Stocks tied to artificial intelligence and data center infrastructure saw significant gains, with Corning up 7% and Credo Technology rising 5%, reflecting ongoing investor optimism in AI technologies.
  • Kroger Earnings Miss: Kroger reported first-quarter earnings of $1.58 per share, slightly below analysts' expectations of $1.59, resulting in a more than 6% drop in stock price, despite revenue of $46.12 billion exceeding forecasts.
  • Smith & Wesson Performance: Smith & Wesson's stock surged approximately 20% after reporting earnings and revenue beats, with handgun sales increasing 23% year-over-year, highlighting strong demand in the firearms market.
CNBC
6.5
06-18CNBC
UBS Warns of Increasing Risks in Tech Stocks
  • Rising Tech Risks: UBS traders emphasize the need for investors to 'meaningfully reduce' risk exposure to tech stocks, as the market backdrop and narratives around AI have created an extreme binary framework of 'winners' versus 'losers' with little room for debate.
  • Semiconductor Index Surge: The PHLX Semiconductor Index (SOX) has surged 67% since the beginning of 2023, with Micron Technology, Credo, and Nvidia leading the charge, each soaring over 1,000%, highlighting the robust growth of AI-related stocks.
  • Market Sentiment and Supply Issues: While AI may be entering a super-cycle, UBS warns that current earnings expectations may be overly optimistic, particularly as data center demand faces supply bottlenecks that could slow growth more than anticipated.
  • Investment Strategy Shift: In a context of narrow market flows and one-sided sentiment, UBS advises investors to reduce risk exposure rather than increase it at this juncture, preparing for potential market volatility.
Newsfilter
5.0
06-18Newsfilter
Credo Named USA TODAY Top Workplace for Second Consecutive Year
  • Employee Recognition: Credo Technology Group has been awarded the 2026 USA TODAY Top Workplace for the second consecutive year, reflecting the company's commitment to a people-first culture based on employee feedback, which enhances employee satisfaction and belonging.
  • Industry Participation Boost: Out of over 100,000 participating organizations, Credo stood out due to authentic employee feedback, showcasing its exceptional performance in employee experience, which further enhances the company's reputation and attractiveness in the industry.
  • Multiple Culture Excellence Awards: Credo also won the 2026 San Francisco Bay Area Top Workplace award and excelled in core areas such as Innovation and Work-Life Flexibility, indicating the company's ongoing efforts to promote employee development and satisfaction.
  • Leadership Emphasis on Culture: CEO Bill Brennan highlighted that employee voices are the foundation of the company's culture, and this recognition not only validates the company's culture but also lays the groundwork for attracting top talent in the future, thereby strengthening the company's competitive edge in the market.
Fool
8.5
06-16Fool
Credo Technology Surges 74% in Share Price Amid AI Boom
  • Outstanding Stock Performance: As of June 13, Credo Technology's share price has surged approximately 74% year-to-date, significantly outperforming Nvidia and Broadcom's gains of 10% and 11%, respectively, highlighting its strong position in AI infrastructure development.
  • Networking Solutions: Credo provides high-speed, energy-efficient electrical connectivity solutions that enhance GPU collaboration within AI data centers, reducing downtime costs associated with connection failures, thereby strengthening its competitive edge in the market.
  • Strong Financial Growth: In fiscal 2026, Credo's revenue skyrocketed by 206% to $1.3 billion, while non-GAAP earnings per share soared by 392% to $3.46, demonstrating rapid business expansion and profitability.
  • Expansion of Optical Portfolio: Management anticipates revenue growth exceeding 80% in fiscal 2027, primarily driven by a sharp increase in its optical connectivity business, which is expected to generate over $600 million in revenue, further solidifying its market position in AI networking.
NASDAQ.COM
8.5
06-16NASDAQ.COM
Credo Stock Significantly Outperforms Competitors
  • Outstanding Stock Performance: As of June 13, Credo's stock has surged approximately 74% year-to-date, significantly outperforming Nvidia and Broadcom, which saw gains of nearly 10% and 11%, respectively, indicating strong market traction in AI infrastructure.
  • Robust Financial Growth: In fiscal 2026, Credo's revenues soared by 206% to $1.3 billion, while non-GAAP earnings per share skyrocketed by 392% to $3.46, with management guiding for over 80% revenue growth in fiscal 2027, primarily driven by a rapid ramp-up in its optical connectivity business.
  • Technological Edge: Credo's ZeroFlap AECs are reported to be up to 1,000 times more reliable and more power-efficient than traditional optical connections, facilitating more efficient GPU collaboration in AI data centers, thereby reducing failure rates and downtime costs.
  • Customer Concentration Risk: Despite a high customer concentration risk, with the top four customers accounting for 34%, 27%, 16%, and 10% of total revenues, management indicates a gradual diversification of its customer base, which could attract more cloud service providers and expand market opportunities.
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
TD Cowen
Sean O'Loughlin
Buy
maintain
$240 -> $260
AI Analysis
2026-06-02
Reason
TD Cowen
Sean O'Loughlin
Price Target
$240 -> $260
AI Analysis
2026-06-02
maintain
Buy
Reason
TD Cowen analyst Sean O'Loughlin raised the firm's price target on Credo Technology to $260 from $240 and keeps a Buy rating on the shares. The firm said its results were solid, guidance was slightly ahead of Street, and full-year expectations have come up with strong momentum ahead of anticipated second half re-acceleration.
JPMorgan
Joseph Cardoso
Overweight
maintain
$230 -> $250
2026-06-02
Reason
JPMorgan
Joseph Cardoso
Price Target
$230 -> $250
2026-06-02
maintain
Overweight
Reason
JPMorgan analyst Joseph Cardoso raised the firm's price target on Credo Technology to $250 from $230 and keeps an Overweight rating on the shares post the fiscal Q4 report. The company's optical momentum drove a fiscal 2027 guidance raise, the analyst tells investors in a research note.
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 46.08, compared to its 5-year average forward P/E of 54.58. 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
54.58
Current PE
46.08
Overvalued PE
182.22
Undervalued PE
-73.06

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
36.64
Overvalued EV/EBITDA
140.22
Undervalued EV/EBITDA
-69.98

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
13.74
Overvalued PS
18.11
Undervalued PS
8.75

Financials

AI Analysis
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Quarterly

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Whales Holding CRDO

C
Cathay Securities Investment Trust Co., LTD
Holding
CRDO
+71.07%
3M Return
R
Rafferty Asset Management, LLC
Holding
CRDO
+66.57%
3M Return
W
Wt Asset Management Ltd
Holding
CRDO
+52.33%
3M Return
S
Summit Partners Public Asset Management, LLC
Holding
CRDO
+49.38%
3M Return
O
Oberweis Asset Management, Inc.
Holding
CRDO
+49.31%
3M Return
P
Polar Capital Holdings Plc
Holding
CRDO
+45.35%
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 271.83 USD — it has increased 9.02

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 June 21 2026.

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

Today CRDO has the market capitalization of 50.69B USD.