Credo Technology Group Holding Ltd experienced a notable uptick in its stock price, reflecting strong fundamentals and impressive growth metrics.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) saw its stock price rise by 4.03% yesterday, closing at $218.64. This increase is part of a broader positive trend, with the stock up 48.31% over the past year, fueled by exceptional revenue growth and strong profitability metrics.
Advertisement
Credo Technology Group Holding Ltd
CRDO.US
CRDO.US
Credo Technology Group Holding Ltd
WealthAwesomeMarket cap
$36.61B
P/E
67.6x
52W high
$308.67
52W low
$86.48
1W change
+7.25%
Beta
3.23
Analyst Price Targets
Based on 13 analysts covering CRDO · as of Oct 2, 2026
Wall Street analysts forecast CRDO stock price to rise 33.7% over the next 12 months.
Consensus
Strong Buy4.62 / 5.00
Avg. Target
C$281.09
+33.7% Upside
Previously C$280.10 on Sep 23, 2026
Current Price
C$210.17
Last close
Analyst Breakdown (13 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CRDO's historical volatility
30-Day Vol
97.3%
Annualized
90-Day Vol
104.7%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$175.80
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$198.02 | C$141.54 – C$277.06 |
| 60 trading days | C$186.58 | C$116.04 – C$300.00 |
| 90 trading days | C$175.80 | C$98.27 – C$314.51 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Investor takeaway: Investors are encouraged by Credo's ability to generate substantial revenue growth while maintaining profitability, making it an attractive option in the semiconductor space.
114.70% Revenue Growth
Credo's revenue more than doubled in the latest quarter, showcasing its strong position in the AI connectivity market.
Bull case
The company reported an impressive 114.70% revenue growth in the most recent quarter, reflecting strong demand for its connectivity components that are crucial for AI processors. With a solid balance sheet and little debt, Credo is well-positioned to take advantage of the expanding AI market.
Bear case
Despite the impressive growth, the lack of a calculable PEG ratio raises questions about how sustainable this growth is. Furthermore, the stock's high valuation compared to sales might suggest it is overvalued if growth does not continue.
Impressive Growth Metrics
Advertisement
Credo's recent financial results revealed a remarkable 114.70% increase in revenue, reaching $1.59 billion over the past twelve months. The company's net profit was reported at $538.31 million, resulting in a profit margin of 33.83%. This growth is not only substantial but also sustainable, as shown by a 30.67% return on equity.
Strong Market Position
Credo specializes in manufacturing connectivity components that facilitate data movement between AI processors. As demand for AI technology continues to surge, Credo is well-positioned to benefit from this trend. The company's strong balance sheet, with $764.26 million in cash against negligible debt, further enhances its market position.
Valuation Concerns
Despite its impressive growth, Credo's valuation metrics raise some eyebrows. The stock trades at 23.23 times sales, and the inability to calculate a PEG ratio suggests that investors should proceed with caution. While the growth is promising, the sustainability of these metrics remains to be seen.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
