Stock Price & Analysis

Based on the technical indicators and recent market data, CRDO stock is showing bearish signals with RSI at 43.51 and MACD turning negative (-0.02), suggesting selling pressure in the near term. The stock is currently trading at $61.28, down 8.24% in regular market trading.

The stock has received positive analyst ratings with a 94% score from Validea's Quantitative Momentum Investor model, indicating strong fundamentals and momentum potential. However, the current sharp decline and technical weakness suggest waiting for price stabilization before considering new positions.

Based on technical analysis and market data, CRDO stock is projected to reach $85-90 by end of 2025, driven by strong momentum in data center connectivity solutions and positive market sentiment around AI infrastructure plays. The stock's current Fibonacci resistance levels (R2: $84.19, R3: $90.91) suggest significant upside potential from current price of $61.28, supported by healthy technical indicators including the 200-day SMA trending upward at $42.39. The broader market outlook for technology stocks remains bullish in 2025 with S&P 500 projected to gain 9-12% according to Wall Street consensus, which should provide additional tailwind for CRDO's price appreciation.

The S1 support level for CRDO Stock is $57.35 ,The R1 resistant level for CRDO Stock is $74.86.

As of the end of day on 2025-02-27, the price of CRDO Stock was $53.06.

The target price for CRDO Stock according to analyst rating is 80.90, with the highest price target at 90.00 and the lowest at 70.00. Analysts have a Strong Buy rating on CRDO Stock overall.

The market cap of CRDO is $10.3B.

Based on the technical and fundamental data analysis, CRDO appears overvalued at its current price of $61.30 for several key reasons. The stock's RSI-14 reading of 43.51 indicates neutral momentum but shows significant decline from recent highs, while the MACD indicates bearish divergence with a negative histogram of -0.79. The company continues to post net losses (-$16.5M in FY2023) despite revenue growth, and its current valuation appears stretched given the negative earnings and declining gross margins (57.65% in FY2023 vs 60.12% in FY2022). Recent options market activity shows bearish sentiment with 66% of major trades being bearish, suggesting institutional investors are positioning for potential downside.

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.

Based on the strong momentum in semiconductor industry and CRDO's recent performance, the stock price could reach $120-130 by 2030, driven by the company's expanding market share in high-speed connectivity solutions for data centers and cloud computing. Technical analysis shows strong support levels and positive momentum indicators, with the stock maintaining its position above key moving averages. Recent analyst ratings showing 94% quantitative momentum score further supports this bullish outlook.

CRDO has a total of 438 employees.