Bullish Case: CRDO's continued revenue growth, robust gross margins, and increased institutional ownership indicate strong fundamentals. Positive earnings beat and optimistic forward revenue projections suggest significant upside potential.


Bearish Case: Recent insider selling, high volatility, and a potentially overvalued market price could lead to price correction. Uncertainties in the tech sector could pressure CRDO’s growth trajectory and market share.


Potential Outcomes:

1. Earnings outperform: 40% (bullish due to solid historical performance and revenue projection).

2. Earnings meet expectations: 30% (neutral, slight fluctuations).

3. Earnings underperform due to unexpected costs or decreased demand: 30% (bearish, potentially significant downside).


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April 18, 2024


CRDO Forecast

CRDO        CRDO
Price Forecast: BULLISH    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with CRDO



TECL Forecast + Options Trading Strategies   [TECL]  Direxion Daily Technology Bull 3X Shares (0.95)


SMH Forecast + Options Trading Strategies   [SMH]  VanEck Vectors Semiconductor (0.94)


AIQ Forecast + Options Trading Strategies   [AIQ]  Global X Funds - Global X Artificial Intelligence & Technology (0.94)


FNGS Forecast + Options Trading Strategies   [FNGS]  Bank of Montreal - ZC SP ETN REDEEM 08/01/2038 USD 50 (0.94)


XLK Forecast + Options Trading Strategies   [XLK]  Technology Select Sector SPDR (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to CRDO



OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (-0.0)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.0)


NE Forecast + Options Trading Strategies   [NE]  Noble (-0.01)


HPQ Forecast + Options Trading Strategies   [HPQ]  HP (-0.01)


TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CRDO



VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.86)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.87)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.87)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.92)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (-0.93)





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