Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Given Average Recommendation of “Buy” by Brokerages

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) has earned an average recommendation of “Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $206.3333.

A number of analysts recently weighed in on the company. Mizuho dropped their target price on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Barclays reaffirmed an “overweight” rating and issued a $260.00 price objective on shares of Credo Technology Group in a research note on Thursday, January 15th.

Credo Technology Group Stock Up 5.5%

NASDAQ CRDO opened at $117.69 on Friday. The stock’s 50-day simple moving average is $126.75 and its two-hundred day simple moving average is $143.20. Credo Technology Group has a twelve month low of $29.09 and a twelve month high of $213.80. The company has a market capitalization of $21.71 billion, a price-to-earnings ratio of 65.38 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.29. The firm had revenue of $407.01 million during the quarter, compared to analyst estimates of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The company’s revenue was up 201.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, equities analysts expect that Credo Technology Group will post 0.13 earnings per share for the current fiscal year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Strong quarterly results and growth outlook: Credo reported a record quarter with a sizable EPS and revenue beat, plus high margins and strong year‑over‑year revenue growth — a key reason investors have been bidding the stock up. Credo Technology Soars on Record Earnings and Growth
• Positive Sentiment: Product visibility at OFC 2026: Credo will showcase optical solutions for AI scale‑out fabrics at the OFC conference, highlighting demand exposure to AI/datacenter customers that can support revenue growth. Credo to Showcase Optical Solutions for AI Scale-Out Fabrics at OFC 2026
• Positive Sentiment: Analyst/BRI commentary bullish on long‑term thesis: A recent Seeking Alpha piece highlights growing hyperscaler adoption, ~88% AEC market share, and an R&D/sampling pipeline (next‑gen 1.6Tb AECs and active cables) that could drive material revenue recognition in FY2027 — supporting a constructive investment case. Credo: Meltdown’s A Gift – Growing Hyperscaler Adoption, Robust R&D/Sampling Cadence
• Neutral Sentiment: Short interest reporting appears anomalous: Recent short‑interest entries show 0 shares and NaN changes — likely a reporting/data issue rather than a meaningful change in bearish positioning; this should be treated as neutral until clarified.
• Negative Sentiment: Insider sales by senior executives may create short‑term pressure: CEO William Brennan sold a total of 68,016 shares on March 11 (multiple filings) and CTO Chi Fung Cheng sold 27,500 shares the same day. These disclosures can trigger investor concern about insider liquidity or timing, even though insiders still hold large positions. SEC filings: CEO Form 4 and CTO Form 4

Insider Buying and Selling at Credo Technology Group

In other news, Director Pantas Sutardja sold 1,875 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $128.67, for a total transaction of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares of the company’s stock, valued at approximately $758,128,014.78. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Joseph Brennan sold 18,016 shares of Credo Technology Group stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $2,120,122.88. Following the completion of the transaction, the chief executive officer owned 234,609 shares in the company, valued at approximately $27,608,787.12. This represents a 7.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 518,601 shares of company stock valued at $70,752,445. Corporate insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

A number of institutional investors have recently made changes to their positions in the stock. Savant Capital LLC increased its stake in shares of Credo Technology Group by 0.7% in the third quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock worth $1,444,000 after buying an additional 68 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Credo Technology Group by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $80,000 after buying an additional 77 shares during the period. Illinois Municipal Retirement Fund boosted its position in Credo Technology Group by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after buying an additional 91 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings in Credo Technology Group by 2.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock worth $741,000 after acquiring an additional 100 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Credo Technology Group by 18.0% in the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock worth $97,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.