Latest news with #CredoTechnologyGroupHoldingLtd
Business Insider
15-07-2025
- Business
- Business Insider
Mizuho Securities Keeps Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)
In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Credo Technology Group Holding Ltd, with a price target of $112.00. The company's shares closed today at $98.70. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Broadcom, and Advanced Micro Devices. According to TipRanks, Rakesh has an average return of 18.7% and a 61.08% success rate on recommended stocks. Credo Technology Group Holding Ltd has an analyst consensus of Strong Buy, with a price target consensus of $92.80. Based on Credo Technology Group Holding Ltd's latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $170.03 million and a net profit of $36.59 million. In comparison, last year the company earned a revenue of $60.78 million and had a GAAP net loss of $10.48 million Based on the recent corporate insider activity of 149 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year. Last month, Lip Bu Tan, a Director at CRDO sold 92,248.00 shares for a total of $8,403,136.08.
Yahoo
11-07-2025
- Business
- Yahoo
What Makes Credo Technology (CRDO) a Good Investment?
Ashva Capital Management, an investment management company, released its Q2 2025 investor letter. A copy of the letter can be downloaded here. Year-to-date (through June 30, 2025), the fund returned -1.55% compared to the S&P 500's 5.5% return. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Ashva Capital Management highlighted stocks such as Credo Technology Group Holding Ltd (NASDAQ:CRDO). Credo Technology Group Holding Ltd (NASDAQ:CRDO) offers a wide range of various high-speed connectivity solutions for optical and electrical Ethernet applications. The one-month return of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was 32.39%, and its shares gained 215.16% of their value over the last 52 weeks. On July 10, 2025, Credo Technology Group Holding Ltd (NASDAQ:CRDO) stock closed at $97.29 per share, with a market capitalization of $16.699 billion. Ashva Capital Management stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its second quarter 2025 investor letter: "Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a stealthy compounder in the high-performance connectivity and data infrastructure space. As AI workloads explode and data centers scale up, Credo's low-power, high-efficiency solutions are becoming increasingly mission-critical. We believe the company is still early in its growth arc and well positioned to benefit from secular trends in hyperscale data transmission and edge computing." An engineer in a cleanroom testing and tweaking an integrated circuit. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Credo Technology Group Holding Ltd (NASDAQ:CRDO) at the end of the first quarter, compared to 43 in the previous quarter. Credo Technology Group Holding Ltd (NASDAQ:CRDO) reported revenue of $170 million in the fiscal fourth quarter of 2025, a 26% sequential increase and up 180% year-over-year. While we acknowledge the potential of CRDO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Credo Technology Group Holding Ltd (NASDAQ:CRDO) and shared the list of worst aggressive growth stocks to buy according to short sellers. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-07-2025
- Business
- Business Insider
Mizuho Securities Reaffirms Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)
In a report released today, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Credo Technology Group Holding Ltd, with a price target of $98.00. The company's shares closed today at $89.37. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Nvidia. According to TipRanks, Rakesh has an average return of 16.2% and a 56.40% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credo Technology Group Holding Ltd with a $89.00 average price target, a -0.41% downside from current levels. In a report released on June 17, TD Cowen also reiterated a Buy rating on the stock with a $95.00 price target. The company has a one-year high of $95.71 and a one-year low of $22.50. Currently, Credo Technology Group Holding Ltd has an average volume of 5.16M. Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year. Last month, Lip Bu Tan, a Director at CRDO sold 92,248.00 shares for a total of $8,403,136.08.
Yahoo
25-06-2025
- Business
- Yahoo
TD Cowen Maintains Buy on Credo Technology Group Holding (CRDO), Raises PT
Credo Technology Group Holding Ltd (NASDAQ:CRDO) is one of the 10 Worst Aggressive Growth Stocks to Buy According to Short Sellers. On June 18, TD Cowen upped the company's price objective to $95.00 from $85.00, while maintaining a 'Buy' rating, as reported by The Fly. The firm believes that despite its strong progress to date, there is significant runway to its story, which is yet to be seen. This is tied to high-speed connectivity for datacenter artificial intelligence, added the analyst. An engineer in a cleanroom testing and tweaking an integrated circuit. The firm sees Credo Technology Group Holding Ltd (NASDAQ:CRDO)'s growth story as early, open-ended, and diversifying. The company's proprietary technology emphasises low-power, high-speed connectivity solutions, which cater to expanding market opportunities fueled by AI proliferation and faster line-rate speeds in back-end and front-end networks. The firm has tagged datacenter as the most attractive semiconductor end market, and expects that networking infrastructure and connectivity will be the fastest-growing sub-segment in that space. Credo Technology Group Holding Ltd (NASDAQ:CRDO)'s product portfolio consists of Active Electric Cables, optical Digital Signal Processors, and other connectivity-related chipsets. Such products place the company squarely at the intersection of the growing industry verticals, added the firm. For Q1 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) expects its revenue to be in the range of $185.0 million – $195.0 million, with GAAP gross margin to be between 63.4% – 65.4%. Renaissance Investment Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said: 'Credo Technology Group Holding Ltd (NASDAQ:CRDO), a provider of connectivity solutions for data centers, was our best performing stock in the fourth quarter. The company's products target the AI-server market with very high bandwidth connectivity rates and low-power solutions. In the most recently reported quarter, the company saw increased demand from current customers along with the ramping of a new customer that drove revenue guidance significantly above expectations. Moreover, the company expects revenues for the next fiscal year to grow by at least 50%. We believe the market share opportunities for Credo are still in the early stages, as the company continues to engage with large hyperscalers and the demand for AI servers and infrastructure remains robust.' While we acknowledge the potential of CRDO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRDO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Credo Technology Group Holding Ltd. (CRDO) Is Up 19.69% in One Week: What You Should Know
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Credo Technology Group Holding Ltd. (CRDO), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Credo Technology Group Holding Ltd. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Let's discuss some of the components of the Momentum Style Score for CRDO that show why this company shows promise as a solid momentum pick. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For CRDO, shares are up 19.69% over the past week while the Zacks Electronics - Semiconductors industry is up 4.25% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 28.72% compares favorably with the industry's 3.69% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Credo Technology Group Holding Ltd. Have risen 51.19%, and are up 148.83% in the last year. On the other hand, the S&P 500 has only moved 4.46% and 13.71%, respectively. Investors should also take note of CRDO's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, CRDO is averaging 5,337,776 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with CRDO. Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CRDO's consensus estimate, increasing from $1.08 to $1.48 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that CRDO is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Credo Technology Group Holding Ltd. On your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Credo Technology Group Holding Ltd. (CRDO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
