Professional
Added to YB: 2024-12-04
Pitch date: 2024-12-03
CRDO [bullish]
Credo Technology Group Holding Ltd
+268.26%
current return
Author Info
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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
$56.4B
Pitch Price
$72.11
Price Target
80.00 (-70%)
Dividend
N/A
EV/EBITDA
113.46
P/E
120.53
EV/Sales
41.19
Sector
Semiconductors and Semiconductor Equipment
Category
growth
BofA Turns Bullish on Credo Technology (CRDO): Price Target Soars to $80
CRDO: BofA double upgrade to Buy, PT $80 from $27. FY26/27E EPS up 65%/88% to $1.01/$1.51. Strong AI growth at AWS. 3 10% customers (MSFT, AMZN, TSLA). Multi-year AEC adoption cycle. Risks: premium valuation, AI sentiment shifts, AEC competition (MRVL, AVGO).
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