CRDO Stock Recent News

Quant titan Steven Cress shares his top stocks for 2025. Celestica, Intapp's very strong liquidity and balance sheet, and why Credo Technology Group Holdings is his number 1 pick.

Since the methodology we applied at the end of 2023 produced such a resilient portfolio, we repeated the process using ValuEngine's data from the December 31, 2024 close to choose 10 stocks for the next year. All ten stocks receive ValuEngine's highest rating of 5 (Strong Buy). All are in the top 50% of our universe according to our valuation model. This list focuses mainly on growth companies, and many are easily recognizable names.

Shares of Credo Technology (CRDO 0.51%), which makes high-speed connectivity solutions for the data infrastructure market, skyrocketed 245% in 2024, according to data from S&P Global Market Intelligence. (In 2025, Credo stock is down 3.2% through Tuesday, Jan. 14.

Back in October, we posed a simple question about the artificial intelligence (AI) boom; who keeps the lights on?

Global markets have been impacted by geopolitical tensions, inflation, and the 2024 U.S. presidential election. With the right opportunities and strategy, investors stand to gain in 2025. In 2025, consider making data-driven decisions using a strategy that identifies stocks collectively strong on growth, value, profitability, earnings revisions, and momentum. Seeking Alpha's portfolio of Top 10 Stocks for 2024 is up 125% vs. the S&P 500's 25%, with top picks, including AppLovin up 713%, Celestica up 215%, and Modine +94%.

Shares of Credo Technology Group (CRDO -1.77%) rallied 37.3% in December, according to data from S&P Global Market Intelligence.

MoneyShow presents top investment ideas for 2025 from their contributors. This year's edition presents a broad mix of theme-based stock picks, momentum-driven high-flyers and beaten-up stocks with turnaround potential, along with some speculative plays and ETFs. Part 1 of this series includes Domino's Pizza, Hercules Capital, Credo Technology, Clearway Energy, Verizon, Duke Energy and Essential Utilities, among others.

CRDO's strong portfolio of Active Electrical Cables and Digital Signal Processor solutions make it a long-term pick.

Stifel analyst Tore Svanberg raised the firm's price target on Credo Technology to $80 from $75 and keeps a Buy rating on the shares. In the Analog, Connectivity, and Processors sector, the firm lists Credo as one of the most attractive stocks in its coverage due to being a key AI infrastructure beneficiary, the analyst tells investors.

Credo Technology Group is well-positioned to benefit from AI and data center growth. The company reported very strong quarterly results and provided revenue guidance that significantly exceeded expectations. Despite a premium valuation, Credo's strong revenue growth, improving margins, and multi-year AI tailwinds make it a compelling investment, especially on pullbacks.