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

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $266.1667.

A number of research analysts have weighed in on CRDO shares. Jefferies Financial Group raised their price objective on Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Stifel Nicolaus lifted their price objective on Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Barclays boosted their price objective on Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Needham & Company LLC upped their target price on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, Mizuho raised their target price on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd.

Credo Technology Group Price Performance

Shares of NASDAQ:CRDO opened at $247.69 on Wednesday. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 99.88, a price-to-earnings-growth ratio of 1.10 and a beta of 3.23. Credo Technology Group has a 1 year low of $86.49 and a 1 year high of $308.67. The business’s 50 day moving average price is $238.08 and its 200-day moving average price is $176.08.

Credo Technology Group (NASDAQ:CRDO) last announced 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 net margin of 35.37% and a return on equity of 32.30%. The business had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. During the same quarter last year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 157.0% compared to the same quarter last year. On average, sell-side analysts expect that Credo Technology Group will post 4.84 earnings per share for the current year.

Key Credo Technology Group News

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

• Positive Sentiment: Credo will contribute its OmniConnect scale-in interconnect solution to the Open Compute Project, targeting the “memory wall” challenge in AI inference. Standardization could broaden adoption of Credo’s connectivity technology across AI data-center systems. Credo to Contribute OmniConnect Scale-In Interconnect Solution to the Open Compute Project
• Positive Sentiment: Analyst and industry commentary continues to highlight Credo as a beneficiary of accelerating AI infrastructure demand, including the expected ramp of AMD’s Helios rack-scale systems and broader spending on high-speed interconnects and optical components. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Recent investment commentary argues that AI expansion remains in its early stages and that Credo’s connectivity products could benefit from rising data-center bandwidth requirements. Additional coverage points to stronger demand and growing investor awareness of the company. Credo: Don’t Get Left Behind, AI Expansion Is Just Beginning
• Neutral Sentiment: Credo scheduled its fiscal first-quarter 2027 earnings conference call for September 1, covering the quarter ended August 1. The announcement itself contains no financial results, but the upcoming report may become the next major catalyst for the stock. Credo Schedules First Quarter Fiscal Year 2027 Financial Results Conference Call
• Neutral Sentiment: The newly launched Aura VettaFi Photonics Index ETF provides broader exposure to AI optics and photonics companies. This may improve sector visibility, but the report does not identify a direct investment or inclusion effect for Credo. New Aura VettaFi Photonics Index ETF Targets AI Optics Infrastructure
• Negative Sentiment: The reported short-interest data shows zero shares short and a zero-day short-interest ratio, with an invalid percentage change. Because the figures appear erroneous or incomplete, they provide no reliable bearish or bullish signal.

Insider Activity

In other Credo Technology Group news, CEO William Joseph Brennan sold 54,984 shares of Credo Technology Group stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the transaction, the chief executive officer directly owned 367,327 shares of the company’s stock, valued at $80,286,662.39. The trade was a 13.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel W. Fleming sold 40,000 shares of Credo Technology Group stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the transaction, the chief financial officer directly owned 501,873 shares in the company, valued at $125,207,276.04. This trade represents a 7.38% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 435,076 shares of company stock worth $101,043,506. 11.84% of the stock is owned by insiders.

Institutional Trading of Credo Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CRDO. Reflection Asset Management acquired a new position in Credo Technology Group in the fourth quarter valued at approximately $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in Credo Technology Group during the fourth quarter worth $32,000. AlphaCentric Advisors LLC purchased a new stake in Credo Technology Group in the first quarter valued at $33,000. Finally, Van ECK Associates Corp purchased a new stake in Credo Technology Group in the fourth quarter valued at $37,000. Institutional investors and hedge funds 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.