William Blair has initiated coverage on Credo Technology Group Holding Ltd (CRDO) with an Outperform rating, reflecting the firm's initial assessment of the company's investment potential. The action took place on September 17, 2025, with the stock currently priced at $125.21.
Credo Technology operates in the semiconductor industry, specializing in high-speed connectivity solutions for the data infrastructure market. The company aims to address the growing demand for bandwidth through its innovative products, which include integrated circuits and active electrical cables optimized for various Ethernet applications, such as 100G to 1.6T ports.
As of November 20, 2025, Credo's market capitalization stands at $24.5 billion, with a P/E ratio of 196.17 and an EPS of 0.68. Upcoming earnings are scheduled for June 1, 2026, with an estimated EPS of $0.54 and revenue of $264.5 million.
Analyst consensus indicates a bullish outlook, with 7 Strong Buy, 13 Buy, and 2 Hold ratings, resulting in an overall Buy consensus. This update provides insight into the firm's positive view of Credo Technology's growth prospects as the demand for data infrastructure solutions continues to rise.