Credo Technology Group’s (CRDO) “Buy” Rating Reaffirmed at Needham & Company LLC

Credo Technology Group (NASDAQ:CRDO)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a report released on Tuesday,Benzinga reports. They presently have a $220.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 92.61% from the stock’s previous close.

A number of other brokerages have also recently issued reports on CRDO. Mizuho lowered their price objective on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays reiterated an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. New Street Research set a $240.00 price objective on Credo Technology Group in a research report on Tuesday, December 2nd. Finally, TD Cowen reissued a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $204.29.

Credo Technology Group Price Performance

NASDAQ:CRDO opened at $114.22 on Tuesday. The firm’s 50-day moving average price is $133.07 and its 200-day moving average price is $143.58. The company has a market capitalization of $20.63 billion, a PE ratio of 100.19 and a beta of 2.67. Credo Technology Group has a 1-year low of $29.09 and a 1-year high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The business had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Credo Technology Group’s quarterly revenue was up 201.5% on a year-over-year basis. Equities analysts anticipate that Credo Technology Group will post 0.13 EPS for the current fiscal year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 18,016 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $127.69, for a total transaction of $2,300,463.04. Following the completion of the sale, the chief executive officer directly owned 252,625 shares of the company’s stock, valued at approximately $32,257,686.25. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel W. Fleming sold 3,902 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $140.15, for a total transaction of $546,865.30. Following the completion of the transaction, the chief financial officer owned 446,178 shares in the company, valued at $62,531,846.70. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 917,976 shares of company stock valued at $136,567,647 in the last three months. Corporate insiders own 11.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CRDO. California Public Employees Retirement System lifted its holdings in Credo Technology Group by 17.2% in the 2nd quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock worth $23,848,000 after purchasing an additional 37,772 shares in the last quarter. Optimize Financial Inc bought a new stake in shares of Credo Technology Group during the third quarter valued at approximately $1,431,000. Estate Counselors LLC purchased a new position in shares of Credo Technology Group in the third quarter worth $2,548,000. Global Trust Asset Management LLC purchased a new position in shares of Credo Technology Group in the third quarter worth $2,167,000. Finally, New York State Common Retirement Fund boosted its position in shares of Credo Technology Group by 106.5% during the third quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock worth $21,279,000 after acquiring an additional 75,369 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Management now expects over 50% revenue growth for fiscal 2027 and said it is accelerating the commercial ramp of its ZeroFlap optics, which supports a growth narrative tied to AI infrastructure demand. Credo expects over 50% revenue growth for fiscal 2027 while accelerating ZeroFlap optics ramp
• Positive Sentiment: Q3 results beat consensus: EPS $1.07 vs. $0.78 expected and revenue $407.0M vs. ~$386M consensus — revenue rose ~201% YoY and ~52% sequentially, with very healthy gross margins. These outcomes validate demand for Credo’s connectivity chips in AI/data center builds. Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2026 Financial Results
• Neutral Sentiment: Earnings call and transcripts are available for deeper color on product ramps, customer cadence and margin drivers — useful for verifying management’s FY27 assumptions. Credo Technology Group Holding Ltd (CRDO) Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Stifel trimmed its 12‑month price target to $200 from $225 but kept a Buy rating — that signals continued analyst conviction despite moderating near‑term upside expectations. Stifel Lowers Credo (CRDO) Price Target Despite Tensorwave AI Infrastructure Collaboration
• Neutral Sentiment: Reported short‑interest data appearing as zero shares seems anomalous and shouldn’t be taken at face value; liquidity and options activity are elevated around earnings, which can exaggerate intraday moves.
• Negative Sentiment: Shares slipped in extended trading and some headlines noted a late selloff after earnings — intraday weakness reflects profit‑taking after a multi‑year run and investor focus on near‑term execution risk. Credo Stock Slips After Q3 Results
• Negative Sentiment: Broader market volatility — including a geopolitical shock tied to U.S.–Iran tensions — pressured futures and tech names, creating an external headwind that can amplify swings in high‑beta stocks like CRDO. Stock Market Today: Dow Jones, S&P 500 Futures Plunge After Closure Of Strait Of Hormuz—Coherent, Credo Technology, CrowdStrike In Focus

Credo Technology Group Company Profile

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.