Credo Technology Group (NASDAQ:CRDO) Price Target Raised to $215.00

Credo Technology Group (NASDAQ:CRDO) had its target price hoisted by Rosenblatt Securities from $175.00 to $215.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ price target indicates a potential downside of 0.68% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Susquehanna reduced their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Credo Technology Group in a research note on Tuesday. Needham & Company LLC lifted their price target on shares of Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday. Finally, Rothschild & Co Redburn assumed coverage on shares of Credo Technology Group in a report on Friday, May 1st. They set a “buy” rating and a $206.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Credo Technology Group presently has an average rating of “Buy” and an average target price of $231.94.

Credo Technology Group Stock Down 8.3%

NASDAQ CRDO opened at $216.47 on Tuesday. Credo Technology Group has a twelve month low of $59.88 and a twelve month high of $243.21. The business has a 50-day moving average price of $160.55 and a 200-day moving average price of $145.28. The firm has a market cap of $39.93 billion, a price-to-earnings ratio of 125.61 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The company had revenue of $437.00 million for the quarter, compared to the consensus estimate of $431.80 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s quarterly revenue was up 157.0% on a year-over-year basis. Research analysts expect that Credo Technology Group will post 2.36 EPS for the current fiscal year.

Insider Buying and Selling at Credo Technology Group

In related news, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction dated Sunday, April 5th. The stock was sold at an average price of $101.45, for a total value of $623,816.05. Following the completion of the transaction, the chief executive officer owned 222,311 shares in the company, valued at approximately $22,553,450.95. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel W. Fleming sold 7,580 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $152.63, for a total value of $1,156,935.40. Following the sale, the chief financial officer directly owned 433,678 shares in the company, valued at $66,192,273.14. The trade was a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 386,608 shares of company stock valued at $50,371,351. Corporate insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Several institutional investors have recently modified their holdings of CRDO. Vanguard Group Inc. boosted its position in Credo Technology Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock valued at $2,386,449,000 after buying an additional 59,849 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Credo Technology Group by 18.3% during the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after acquiring an additional 1,190,522 shares in the last quarter. State Street Corp boosted its holdings in shares of Credo Technology Group by 23.4% in the fourth quarter. State Street Corp now owns 4,486,320 shares of the company’s stock valued at $645,537,000 after purchasing an additional 849,654 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Credo Technology Group by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock valued at $555,117,000 after purchasing an additional 184,676 shares during the period. Finally, Corient Private Wealth LLC grew its stake in 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 purchasing an additional 3,597,318 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Credo beat expectations in Q4, reporting EPS of $1.16 versus estimates around $1.02-$1.03 and revenue of $437.0 million versus consensus of $431.8 million. Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Revenue surged 157% year over year, underscoring strong demand for its high-speed connectivity products tied to AI data center buildouts. Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Mizuho raised its price target on CRDO to $260 from $220 and kept an outperform rating, signaling continued analyst confidence after the results. Credo Technology Stock Dives Despite Q4 Earnings Beat
• Neutral Sentiment: The company guided first-quarter fiscal 2027 revenue to $465 million-$475 million, above the Street estimate of about $462.9 million, but the EPS outlook was not clearly provided in the report. Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Negative Sentiment: Despite the strong print, the stock fell in after-hours trading, suggesting investors were disappointed by gross margin or other forward-looking concerns and may be taking profits after a large run-up. Credo Technology Stock Dives Despite Q4 Earnings Beat

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.