How to Buy Credo Technology Group Holding Stock
Credo Technology Group Holding Ltd
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.
Credo Technology Group Holding stock last closed at $36.63, down 2.89% from the previous day, and has increased 97.04% in one year. It has overperformed other stocks in the Communication Equipment industry by 1.09 percentage points. Credo Technology Group Holding stock is currently +116.62% from its 52-week low of $16.91, and -57.75% from its 52-week high of $86.69.
As of Apr 17, 2025, there are 169.8M CRDO shares outstanding. The market cap of CRDO is $6.22B. In the last 24 hours, 2.41M CRDO shares were traded.
How to Buy Credo Technology Group Holding Stock
Wondering how to invest in Credo Technology Group Holding stock? Here's how.
- Figure out where to buy Credo Technology Group Holding stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Credo Technology Group Holding stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your method of payment and add your information.
- Research Credo Technology Group Holding stock: The Credo Technology Group Holding ticker symbol is CRDO. Is Credo Technology Group Holding stock a good investment? Should you buy shares of CRDO? How do CRDO's underlying business fundamentals look? Do top analysts think Credo Technology Group Holding is a good buy? Why has CRDO's stock price moved recently? (Hint: Our stock research tools can help you evaluate if CRDO is a good stock to buy).
- Execute your CRDO trade: Decide if you will purchase CRDO shares at the current market price or use a limit order to purchase CRDO shares at a specific price.
- Watch your investment in CRDO: Create a watchlist to watch your position in Credo Technology Group Holding shares.
Step 1: Figure out where to buy Credo Technology Group Holding stock
You need an online brokerage account to access the NASDAQ market and buy CRDO shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, you need to fill out some personal information so you are able to invest in CRDO today.
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Step 3: Deposit money your investment account
Now that you've created your account on the highest rated stock app, you need to deposit funds:
Check out the video below to see the process of depositing funds into your new brokerage account.
Step 4: Research Credo Technology Group Holding stock
Once you have selected the best place to buy Credo Technology Group Holding stock, it's important to research their stock before you buy, so you truly understand the risk as well as the opportunity.
Credo Technology Group Holding quick stats
Fundamentals of CRDO
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on CRDO's stock page.
How is CRDO stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge CRDO's true value.
Using relative valuations ratios:
- CRDO may be overvalued based on its P/E ratio of 1,831.5x, relative to Communication Equipment industry P/E ratio of 532.89x
- CRDO may be overvalued based on its P/B ratio of 10.06x, relative to Communication Equipment industry P/B ratio of 3.14x
- CRDO could be overvalued based on its PEG ratio of 6.01x
You can do more valuation research on CRDO's stock here.
A look at CRDO Cashflows and Balance Sheet
Signs that CRDO is financially healthy:
- There are more short-term assets than long-term liabilities on the CRDO balance sheet.
- CRDO has $379.21M in cash and short term investments. This is sufficient to cover its annual cash burn of $24.18M.
- CRDO profit margin has gone up from -20.6% to 1.6% in the past year.
- CRDO has cash burn of 24183000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the CRDO balance sheet.
- CRDO has a low debt to equity ratio of 0.16.
Is CRDO stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 9 Wall Street analysts who monitor CRDO, the consensus analyst rating on Credo Technology Group Holding is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent CRDO Analyst Forecasts
Thomas O'Malley, a top 38% analyst from Barclays maintains CRDO with a strong buy rating and raises their CRDO price target from $80.00 to $90.00, on Jan 17, 2025.
Barclays's Thomas O'Malley raised their price target on Credo Technology Group Holding (NASDAQ: CRDO) by 12.5% from $80 to $90 on 2025/01/17. The analyst maintained their Strong Buy rating on the stock.
In a 2025 preview note on names in their Semiconductors and Semiconductor Capital Equipment portfolio, O'Malley contextualized their price target hike on Credo Technology Group Holding by telling readers that Barclays issued FY 2026 estimates and predicts that "FY 2025 will be another year defined by the AI "have and have-nots."
Their firm is being "more selective on its AI preferences and recommends owning stocks with proprietary serializer/deserializer technology," the analyst continued.
Conversely, O'Malley said Barclays is struggling to find reasons to get "more positive" on cyclical Semi, analog, PC, and handset names, believing larger recoveries will take longer to materialize in those segments.
Toshiya Hari, a top 1% analyst from Goldman Sachs maintains CRDO with a strong buy rating and raises their CRDO price target from $65.00 to $84.00, on Jan 10, 2025.
Richard Shannon, a top 12% analyst from Craig-Hallum maintains CRDO with a buy rating and raises their CRDO price target from $38.00 to $75.00, on Dec 3, 2024.
Suji Desilva, a top 13% analyst from Roth MKM maintains CRDO with a strong buy rating and raises their CRDO price target from $35.00 to $45.00, on Oct 22, 2024.
You can dive deeper into what analysts are forecasting on the Credo Technology Group Holding stock forecast page.
Metrics for Advanced CRDO Traders
Is CRDO Making Money?
Last year, CRDO revenue was $327.53M. Over the past 3 year, CRDO's revenue has grown by 139.12% per year. This was faster than the Communication Equipment industry average of 4.45%.
Dive into CRDO's earnings and revenue performance here.
Are CRDO executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at CRDO have sold more shares than they have bought.
Chi Fung Cheng, Chief Technology Officer of CRDO, was the latest CRDO insider to sell. They sold $1,404,026.38 worth of CRDO shares on Apr 16, 2025.
Dig into more about who owns CRDO shares here.
Can I rely on CRDO as an income stream?
No, Credo Technology Group Holding doesn't provide an income stream by paying out dividends.
CRDO Social Trading Data
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Step 5: Execute your CRDO trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open button and eToro will execute the order.
If you need more assistance buying stocks on eToro, click the helpful video below:
Step 6: Watch your investment in CRDO
Now that you own some CRDO stock, you'll want to stay up-to-date on your new investment.
Make a watchlist to get the latest updates about your CRDO stock.
CRDO Feed
How to Buy Stock in Credo Technology Group Holding
To reiterate, here are the 6 steps to buy Credo Technology Group Holding stock:
- Figure out where to buy Credo Technology Group Holding stock
- Create a brokerage account
- Deposit money your investment account
- Research Credo Technology Group Holding stock
- Execute your CRDO trade
- Watch your investment in CRDO
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your new investment in Credo Technology Group Holding, click below.
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