Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $248.4118.

A number of research firms have issued reports on CRDO. Roth Mkm boosted their target price on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America upped their price target on shares of Credo Technology Group from $210.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday. Susquehanna upped their price target on shares of Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a report on Tuesday. Rosenblatt Securities upped their price target on shares of Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Stifel Nicolaus set a $250.00 price target on shares of Credo Technology Group in a report on Wednesday, May 27th.

Insider Activity at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.60, for a total transaction of $3,234,000.00. Following the completion of the transaction, the chief technology officer directly owned 6,272,370 shares of the company’s stock, valued at $737,630,712. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $5,884,000.00. Following the transaction, the chief executive officer directly owned 1,782,502 shares of the company’s stock, valued at $209,764,835.36. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 386,608 shares of company stock valued at $50,371,351 in the last quarter. Corporate insiders own 11.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRDO. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group during the third quarter worth $25,000. Crewe Advisors LLC boosted its holdings in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. Reflection Asset Management acquired a new position in Credo Technology Group during the fourth quarter worth $25,000. Acumen Wealth Advisors LLC acquired a new position in Credo Technology Group during the fourth quarter worth $25,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Credo Technology Group during the fourth quarter worth $32,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Credo Technology Group Trading Up 1.3%

NASDAQ:CRDO opened at $229.00 on Friday. Credo Technology Group has a 1 year low of $66.75 and a 1 year high of $245.95. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of 92.34 and a beta of 3.22. The stock has a 50-day moving average price of $160.55 and a two-hundred day moving average price of $145.28.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% 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 previous year, the firm earned $0.20 earnings per share. The company’s revenue was up 157.0% on a year-over-year basis. Sell-side analysts forecast that Credo Technology Group will post 3.78 earnings per share for the current year.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo delivered a strong fiscal Q4 beat, reporting EPS of $1.16 and revenue of $437 million, with revenue up 157% year over year and above analyst estimates, reinforcing growth momentum tied to AI infrastructure demand. Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company guided first-quarter fiscal 2027 revenue to $465 million-$475 million, slightly above consensus, which supports the view that demand remains strong after the earnings report. Credo Technology Group Earnings Call
• Positive Sentiment: Several firms raised price targets after the results, including TD Cowen, JPMorgan, Bank of America, and Mizuho, signaling Wall Street’s growing confidence in CRDO’s longer-term upside. Benzinga analyst updates
• Positive Sentiment: New articles highlighted Credo as a profitable AI/data-center stock pick and suggested the company is well positioned for the next stage of AI capex, adding to bullish sentiment. Micron & 2 Profitable Stocks to Buy in June for Explosive Upside
• Neutral Sentiment: Some investors remain focused on margin and valuation concerns, which helped explain why the stock initially sold off despite the earnings beat. CRDO Stock Tumbles After Q1 Outlook Disappoints

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.