Added to YB: 2025-09-08
Pitch date: 2025-09-04
CRDO [neutral]
Credo Technology Group Holding Ltd
+29.44%
current return
Author Info
No bio for this author
Company Info
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.
Market Cap
$37.3B
Pitch Price
$137.90
Price Target
450.00 (+152%)
Dividend
N/A
EV/EBITDA
66.61
P/E
70.03
EV/Sales
22.96
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Credo's 1QFY26: Moment Accelerates
CRDO (earnings update): Transforming from cable supplier to AI connectivity intelligence layer via Pilot software platform. Customer concentration evolution (61% to 35%/33%/20%) shows network effects, not diversification. 31% revenue growth ($170M to $223M) with 5% OpEx growth signals platform economics. 67.6% gross margins, 44.1% net margins. Protocol-agnostic positioning for 200G transition. Target $375-450 if platform succeeds.
Read full article (7 min)