Credo (CRDO) Grew Into Its Valuation. Can Two Customers Keep It There?

For most of its life as a public company, Credo Technology Group (NASDAQ:CRDO) looked like a stock priced for a future that hadn’t arrived yet. Its 5-year average price-to-earnings ratio sits at a dizzying 138.77. Today, its forward P/E is 34.34. The business didn’t shrink to get there. The earnings simply showed up. Credo sells […]