Credo Technology Group Holding Ltd. (CRDO)

Market Open

16 Jun, 14:00

NASDAQ (NGS)

254. 40

-5.01

-1.9313%

46.26B Market Cap

- P/E Ratio

- Div Yield

1.09M Volume

- Eps

$ 259.41

Previous Close

Investors:

+142

Analysts:

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Day Range

246.25 258.36

Year Range

77.79 270.21

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Credo Technology Analyst Double Upgrades AI Play, Raises Forecast By Almost 200%

Credo Technology Group Holding Ltd CRDO shares jumped almost 40% in early trading on Tuesday.

Benzinga | 1 year ago

Credo Technology Group Stock Hits All-Time High on Soaring AI Products Demand

Shares of Credo Technology Group Holding (CRDO) soared 40% to an all-time high Tuesday, a day after the provider of high-speed connectivity solutions for data centers posted better-than-expected results and guidance on strong demand for products that support artificial intelligence (AI).

Investopedia | 1 year ago

Markets edge down as US jobs report looms; US Steel drops, Credo Technology surges

US equity majors fell slightly on Tuesday after the S&P 500 and the Nasdaq hit record highs in the previous session. Investors will be focusing on key US labour data, scheduled to be released later this week, and also monitoring comments from the Federal Reserve officials.

Invezz | 1 year ago

Credo Technology Q2: Infection Point Has Arrived

I reiterate a “Buy” rating on Credo Technology Group Holding with a one-year price target of $75 per share, driven by strong revenue growth and market leadership. Credo Technology reported a 63.6% year-over-year revenue growth, exceeding expectations, and anticipates 126% growth in Q3, driven by AI and data center demands. The company's innovative AEC products and strong market position in Ethernet connectivity solutions are key factors supporting its growth and competitive edge.

Seekingalpha | 1 year ago

Credo Technology Stock Soars. Why It's the Latest AI Data Center Darling.

The company's latest results indicate a stronger pace of investment from customers such as Microsoft and Amazon.com.

Barrons | 1 year ago

Credo Technology price target raised to $80 from $32 at Barclays

Barclays analyst Tom O'Malley raised the firm's price target on Credo Technology to $80 from $32 and keeps an Overweight rating on the shares. The firm says strong Active Electrical Cable demand is driving a material upward revision to fiscal 2025 and 2026 numbers. An AEC inflection has finally been reached, the analyst tells investors in a research note.

Thefly | 1 year ago

BofA double upgrades Credo Technology to Buy on growth inflection

BofA double upgraded Credo Technology to Buy from Underperform with a price target of $80, up from $27, following a "solid beat and material raise earnings call." Credo is translating sales growth to a better earnings growth model, and its outlook suggests the start of a multi-year adoption cycle for its Active Electrical Cable product that enables power efficient artificial intelligence clusters, the analyst tells investors in a research note. The firm sees the company driving a strong second half of fiscal 2025, driven by strong AI growth at Amazon Web Services, a key customer at Credo.

Thefly | 1 year ago

Credo Technology Group Holding Ltd (CRDO) Q2 2025 Earnings Call Transcript

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q2 2025 Earnings Conference Call December 2, 2024 5:00 PM ET Company Participants Dan O'Neil - VP, Corporate Development and IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Toshiya Hari - Goldman Sachs Thomas O'Malley - Barclays Quinn Bolton - Needham & Company Tore Svanberg - Stifel Vivek Arya - Bank of America Securities Suji Desilva - ROTH Capital Vijay Rakesh - Mizuho Joshua Buchalter - TD Cowen Karl Ackerman - BNP Operator Good day, and thank you for standing by. Welcome to the Credo Second Quarter Fiscal Year 2025 Earnings Conference Call.

Seekingalpha | 1 year ago