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Credo Technology Group Holding Ltd ( (CRDO) ) has issued an announcement.
On October 6, 2025, Credo Technology Group Holding Ltd entered into an equity distribution agreement with Goldman Sachs & Co. LLC to facilitate the sale of its ordinary shares, with a total offering price of up to $750 million. This agreement allows for the shares to be sold in various market transactions, potentially impacting the company’s market presence and providing liquidity options for stakeholders.
The most recent analyst rating on (CRDO) stock is a Buy with a $170.00 price target. To see the full list of analyst forecasts on Credo Technology Group Holding Ltd stock, see the CRDO Stock Forecast page.
Spark’s Take on CRDO Stock
According to Spark, TipRanks’ AI Analyst, CRDO is a Outperform.
Credo Technology Group’s strong financial performance and positive earnings call outlook are the primary drivers of its stock score. The company’s robust revenue growth and strategic market positioning are significant strengths. However, the high P/E ratio suggests potential overvaluation, and technical indicators point to possible overbought conditions, which could lead to short-term volatility.
To see Spark’s full report on CRDO stock, click here.
More about Credo Technology Group Holding Ltd
Average Trading Volume: 5,049,609
Technical Sentiment Signal: Buy
Current Market Cap: $25.5B
Find detailed analytics on CRDO stock on TipRanks’ Stock Analysis page.