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 $73.80, up 1.07% from the previous day, and has increased 273.86% in one year. It has overperformed other stocks in the Communication Equipment industry by 2.74 percentage points. Credo Technology Group Holding stock is currently +338.76% from its 52-week low of $16.82, and -6.55% from its 52-week high of $78.97.
As of Jan 10, 2025, there are 167.24M CRDO shares outstanding. The market cap of CRDO is $12.34B. In the last 24 hours, 3.82M 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.
Our recommended brokerage: eToro
We believe that eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Tech to Financial Services, New York to London — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by creating an account with eToro now.
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.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
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/B ratio of 21.73x, relative to Communication Equipment industry P/B ratio of 3.56x
You can do additional valuation research on CRDO's stock here.
How do CRDO Financials look?
Signs that CRDO is financially healthy:
- CRDO has a low debt to equity ratio of 0.12.
- There are more short-term assets than short-term liabilities on the CRDO balance sheet.
- There are more short-term assets than long-term liabilities on the CRDO balance sheet.
- CRDO has $382.95M in cash and short term investments. This is sufficient to cover its annual cash burn of $29.94M.
- CRDO profit margin has gone up from -19% to -9.7% in the past year.
- CRDO has cash burn of 29936000. It has sufficient cash and short-term investments to cover this for at least one year.
Is CRDO stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 Equities analysts who give forecasts on CRDO, the consensus analyst rating on CRDO is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest CRDO Analyst Forecasts
Thomas O'Malley, a top 27% analyst from Barclays maintains CRDO with a strong buy rating and raises their CRDO price target from $32.00 to $80.00, on Dec 3, 2024.
Quinn Bolton, a top 1% analyst from Needham maintains CRDO with a buy rating and raises their CRDO price target from $43.00 to $70.00, on Dec 3, 2024.
Vivek Arya, a top 2% analyst from Bank of America upgrades CRDO to a strong buy rating and raises their CRDO price target from $27.00 to $80.00, on Dec 3, 2024.
Bank of America's Vivek Arya upgraded their rating on Credo Technology Group Holding (NASDAQ: CRDO) from Sell to Strong Buy on 2024/12/03. The analyst also raised their price target by 196.3% from $27 to $80.
Credo Technology Group Holding reported its Q2 2025 earnings.
Arya said they upgraded the stock and raised their price target because of the quarter's "solid beat and material raise earnings call."
The analyst detailed that Credo Technology Group Holding "is translating sales growth to a better earnings growth model, and management's guidance suggests the start of a multi-year adoption cycle for its Active Electrical Cable product that enables power-efficient AI clusters."
Arya predicted that the company will deliver a strong 2H 2025 on strong AI growth at Amazon Web Services, a key customer.
Suji Desilva, a top 3% 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.
Matthew Ramsay, a top 8% analyst from TD Cowen maintains CRDO with a strong buy rating and raises their CRDO price target from $35.00 to $40.00, on Jul 15, 2024.
You can dive deeper into what analysts are forecasting on the Credo Technology Group Holding stock forecast page.
Metrics for Advanced CRDO Traders
CRDO Revenue
Last year, CRDO revenue was $245.59M. Over the past 3 year, CRDO's revenue has grown by 135.55% per year. This was faster than the Communication Equipment industry average of 6.16%.
Dive into CRDO's earnings and revenue performance here.
Who is buying/selling CRDO?
Over the past year, insiders 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 $490,257.91 worth of CRDO shares on Jan 8, 2025.
Research more about who owns CRDO stock here.
Does CRDO stock generate passive income?
No, Credo Technology Group Holding doesn't provide an income stream by paying out dividends.
CRDO Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your CRDO trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open Trade button and eToro will place the order.
If you need additional assistance buying stocks on eToro, click the how to video below:
Step 6: Watch your investment in CRDO
Now that you own some shares in CRDO, you'll want to keep up with your investment.
Make a watchlist to get notified of the latest news about your CRDO stock.
CRDO Feed
How to Buy Stock in Credo Technology Group Holding
To reiterate, here are the 6 steps to buy stock in Credo Technology Group Holding:
- 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 are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Credo Technology Group Holding, add CRDO to your watchlist by clicking the button below.
Other "How To" Guides You Might Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.