Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Receives Average Rating of “Moderate Buy” from Analysts

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) has been given a consensus rating of “Moderate Buy” by the nineteen analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $268.3889.

Several research firms have commented on CRDO. Barclays increased their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Evercore started coverage on shares of Credo Technology Group in a research report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 price objective on the stock. Wall Street Zen lowered shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group increased their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Roth Capital increased their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd.

Credo Technology Group Trading Down 13.0%

Shares of NASDAQ:CRDO opened at $245.97 on Wednesday. The company has a market capitalization of $45.87 billion, a PE ratio of 99.18, a P/E/G ratio of 1.19 and a beta of 3.23. Credo Technology Group has a 12-month low of $86.49 and a 12-month high of $308.67. The business’s fifty day simple moving average is $242.63 and its 200-day simple moving average is $180.78.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The firm had revenue of $437.00 million during the quarter, compared to analysts’ expectations of $431.80 million. During the same period in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 157.0% on a year-over-year basis. Research analysts predict that Credo Technology Group will post 4.84 EPS for the current year.

Credo Technology Group News Summary

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: TD Cowen raised its price target to $300 from $260 and maintained a “buy” rating, implying substantial upside from the recently reported trading level. Benzinga
• Positive Sentiment: Analysts continue to expect strong fiscal 2027 growth, with revenue projected to increase more than 80%, supported by Credo’s optical and copper connectivity businesses. The key question is whether margins can remain strong as research and development spending rises. Will Credo Maintain Strong Margins Despite Higher R&D Spending in FY27?
• Positive Sentiment: Credo is being highlighted as a potential beneficiary of the next phase of AI infrastructure investment because its high-speed connectivity products help link data-center equipment. Investors had also been positioning for upcoming earnings, with revenue expected to more than double year over year. Meet the Super Semiconductor Stock Crushing Nvidia in 2026
• Neutral Sentiment: Brokerage price targets remain generally supportive, with the reported consensus target near $266.17, although the stock’s premium valuation leaves it sensitive to changes in growth expectations. Brokerages Set Credo Technology Group Holding Ltd. PT at $266.17
• Negative Sentiment: Credo, Sandisk, Micron and other AI-related stocks experienced a sharp reversal as the major indexes gave back recent gains. The move suggests investors are taking profits and trimming risk across the high-beta chip group. Dow Jones Futures: Sandisk, Micron, Credo Lead AI Rug Pull
• Negative Sentiment: The broader semiconductor rally has quickly encountered renewed selling pressure, affecting chip names including Intel and Marvell. This sector weakness is the primary near-term factor weighing on CRDO despite favorable company-specific growth expectations. Why Intel, Marvell Stocks Are Dropping After Chip Stocks Enter New Bull Market

Insiders Place Their Bets

In other news, CFO Daniel W. Fleming sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $249.48, for a total value of $9,979,200.00. Following the completion of the sale, the chief financial officer owned 501,873 shares of the company’s stock, valued at $125,207,276.04. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $243.06, for a total value of $6,684,150.00. Following the transaction, the chief technology officer owned 5,882,370 shares in the company, valued at approximately $1,429,768,852.20. This trade represents a 0.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 435,076 shares of company stock valued at $101,043,506. Company insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its holdings in shares of Credo Technology Group by 239,024.5% in the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after buying an additional 3,597,318 shares during the last quarter. Amundi grew its holdings in shares of Credo Technology Group by 28,478.2% during the fourth quarter. Amundi now owns 1,559,796 shares of the company’s stock valued at $224,439,000 after buying an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Credo Technology Group by 841.9% during the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock valued at $228,979,000 after buying an additional 1,422,391 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock valued at $331,710,000 after buying an additional 1,406,752 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after acquiring an additional 1,218,504 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

About Credo Technology Group

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.