Credo Technology Group Holding's Valuation After Blue Heron 224G AI Retimer Launch: Undervalued with Rich Multiples.

Credo Technology Group Holding (CRDO) recently introduced its Blue Heron 224G AI scale-up retimer, targeting high-speed connectivity bottlenecks in AI-focused data centers. Despite the launch and patent license agreement with 3M, sentiment has cooled, with a 30-day share price return of 10.53%. The company's 1-year total shareholder return is 100.71%, and 3-year total shareholder return is 101.71%. The current price is below analyst targets and intrinsic value estimates, with a fair value estimate of $214.