Rosenblatt Securities Cuts Credo Technology Group (NASDAQ:CRDO) Price Target to $125.00

Credo Technology Group (NASDAQ:CRDO) had its target price reduced by Rosenblatt Securities from $170.00 to $125.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued research reports about the company. Bank of America boosted their price target on Credo Technology Group from $165.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. New Street Research set a $240.00 price target on Credo Technology Group in a report on Tuesday, December 2nd. Finally, Barclays reissued an “overweight” rating and issued a $260.00 price target on shares of Credo Technology Group in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group has a consensus rating of “Buy” and an average target price of $206.33.

Credo Technology Group Stock Up 11.9%

CRDO stock opened at $114.74 on Tuesday. The firm has a 50 day moving average of $130.40 and a two-hundred day moving average of $142.96. Credo Technology Group has a 12 month low of $29.09 and a 12 month high of $213.80. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 63.74 and a beta of 2.67.

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

Insider Buying and Selling at Credo Technology Group

In other news, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the completion of the sale, the chief operating officer directly owned 400,000 shares in the company, valued at approximately $61,276,000. This trade represents a 48.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the transaction, the chief executive officer owned 1,892,502 shares in the company, valued at approximately $289,855,606.32. This trade represents a 2.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 916,101 shares of company stock valued at $136,220,453. 11.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Credo Technology Group

A number of large investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its stake in shares of Credo Technology Group by 128.4% during the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock valued at $284,000 after purchasing an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Credo Technology Group by 63.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after buying an additional 589,151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Credo Technology Group by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after acquiring an additional 7,107 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Credo Technology Group by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 75,869 shares of the company’s stock valued at $7,025,000 after acquiring an additional 11,233 shares during the period. Finally, Keybank National Association OH acquired a new position in shares of Credo Technology Group during the second quarter valued at $324,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Strategic M&A and partnerships broaden Credo’s AI connectivity footprint — the CoMira acquisition plus a collaboration with TensorWave add IP and go‑to‑market support for advanced AI rack architectures, strengthening Credo’s addressable market in AI data centers. Credo Deepens AI Data Center Role With CoMira Deal And TensorWave Tie Up
• Positive Sentiment: Sector tailwind: Broadcom’s public preference for copper interconnects in AI racks benefits Credo’s copper-centric connectivity product roadmap and helped lift sentiment across similar suppliers. Credo Shares Jump 10% as Broadcom Backs Copper Over Optical Tech
• Positive Sentiment: Fundamentals and estimates are moving upward — Credo recently reported better‑than‑expected EPS and revenue, and analysts have been revising earnings estimates higher, supporting further upside potential. Earnings Estimates Rising for Credo Technology Group (CRDO)
• Positive Sentiment: Wall Street bullishness and upside targets: the average analyst price target implies large upside, and several firms have reiterated buys — this drives interest and momentum among growth investors. Wall Street Analysts See a 95.05% Upside in Credo Technology Group (CRDO)
• Neutral Sentiment: Short-interest reporting in feeds shows odd/zero values and appears unreliable right now; no clear short‑pressure signal can be drawn from the published short‑interest lines.
• Negative Sentiment: Some sell‑side pushback: a cluster of firms (Rosenblatt, Susquehanna, Mizuho and others) have lowered expectations or issued downgrades recently, which earlier triggered a sharp pullback in the stock and keeps near‑term sentiment bifurcated. Rosenblatt Has Lowered Expectations for Credo Technology Group
• Negative Sentiment: Analyst fair‑value/tone adjustments: at least one note trimmed assessed fair value for CRDO, reflecting sector multiple resets and the need to calibrate valuation after recent rallies — a headwind for further multiple expansion. How The Credo Technology Group Holding (CRDO) Story Is Shifting After Recent Analyst Revisions

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.