Streetbeat News

CRDO

Credo Technology Group Holding Ltd

Industry

Communication Equipment

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.

Open

44.45

Mkt cap

7.7B

Volume

3.1M

High

47.53

P/E Ratio

-289.25

52-wk high

48.94

Low

44.45

Div yield

N/A

52-wk low

16.82

Roth MKM analyst Suji Desilva has maintained a Buy rating on Credo Technology Group and raised the price target from $35 to $45.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 5:22 pm

Mizuho analyst Vijay Rakesh has maintained an Outperform rating on Credo Technology Group and raised the price target from $35 to $41.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 12:20 pm

Credo Technology Group (NYSE:CRDO) has seen a 6.8% increase in its short percent of float, now at 5.34%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 9.38%. Traders should be aware of the increased short interest.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 2:45 pm

Analysts have provided diverse ratings for Credo Technology Group (NASDAQ:CRDO) over the past three months, with a majority being bullish. The average 12-month price target has increased by 13.83% to $35.4. Despite strong revenue growth, the company faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 2:00 pm

Stifel analyst Tore Svanberg maintains a Buy rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $40 to $42.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 12:17 pm

In Monday's pre-market session, several information technology stocks experienced significant movements. Credo Technology Group, Toyo Co, Wetouch Technology, OneConnect Financial Tech, ACM Research, and Aviat Networks saw notable gains, while LeddarTech Holdings, SPI Energy, Inseego, Trident Digital Tech, Ciena, and Sprinklr experienced declines.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 12:08 pm

Semiconductor stocks are experiencing a rise in share prices due to overall market strength following a Federal Reserve rate cut.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:53 pm

Semiconductor stocks are seeing a rise, potentially in response to NVIDIA's performance and Vice President Harris's comments on investing in American technology for AI and quantum computing.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:12 pm

Credo has introduced HiWire Shift AECs for 400G Q112 ports, aimed at improving AI/ML network performance. This development could enhance data center efficiency and support the growing demand for AI/ML applications.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:49 am

Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Credo Technology Group (NASDAQ:CRDO) and raised the price target from $26 to $31.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:24 pm

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