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

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have received a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $206.3333.

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group set a $165.00 price target on shares of Credo Technology Group and gave the company a “buy” rating in a research report on Thursday, February 19th. Mizuho lowered their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Wolfe Research set a $240.00 target price on shares of Credo Technology Group in a report on Tuesday, December 2nd. Rosenblatt Securities cut their target price on Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Finally, Bank of America upped their price target on Credo Technology Group from $165.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd.

Credo Technology Group Trading Down 3.4%

NASDAQ CRDO opened at $103.40 on Friday. The stock has a fifty day simple moving average of $123.29 and a 200-day simple moving average of $142.56. The stock has a market cap of $19.07 billion, a PE ratio of 57.44 and a beta of 2.67. Credo Technology Group has a twelve month low of $29.09 and a twelve month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued 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. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same period in the previous year, the firm earned $0.25 EPS. Credo Technology Group’s revenue was up 201.5% on a year-over-year basis. Research analysts predict that Credo Technology Group will post 0.13 EPS for the current year.

Credo Technology Group News Summary

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

• Positive Sentiment: Analyst consensus remains bullish — CRDO carries an average “Buy” rating as multiple firms cite robust AI/data‑center demand and favorable forward multiples, supporting continued investor interest. Article
• Positive Sentiment: Price-target and rating upgrades: recent research notes (including a Seeking Alpha upgrade) point to sustained >200% YoY revenue growth, EPS acceleration and a strong net cash position — fundamental drivers that justify buy-side flows. Article
• Positive Sentiment: Product momentum: new 800G ZeroFlap transceivers and updated DSP families aimed at AI data‑center networking bolster Credo’s addressable market and revenue outlook. Product cadence supports the bull case for growth. Article
• Neutral Sentiment: Market and coverage context mixed — some outlets highlight conflicting analyst views and industry comparisons; useful for framing risk but not an immediate sell signal. Article
• Neutral Sentiment: Tactical flows and options interest are elevated — several pieces note heightened options and trade‑flow activity that can amplify short‑term moves but don’t change Credo’s fundamentals. Article
• Neutral Sentiment: Reported short interest data showed zero shares (likely a reporting glitch), implying limited publicly reported short exposure — reduces visible short‑squeeze risk but the figure is unreliable. (Reported 3/19)
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares at an average ~$107.90 (SEC filing). While the exec still holds a very large stake, repeated sizable sales can weigh on near‑term sentiment. SEC Filing

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $107.90, for a total value of $2,967,250.00. Following the completion of the transaction, the chief technology officer directly owned 6,244,870 shares of the company’s stock, valued at $673,821,473. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Joseph Brennan sold 18,016 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $2,120,122.88. Following the sale, the chief executive officer owned 234,609 shares in the company, valued at $27,608,787.12. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 491,101 shares of company stock worth $65,802,995. 11.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp purchased a new stake in Credo Technology Group during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC boosted its position in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after buying an additional 106 shares during the period. Reflection Asset Management acquired a new position in shares of Credo Technology Group in the fourth quarter worth $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group in the fourth quarter worth $25,000. Finally, First Horizon Corp purchased a new stake in shares of Credo Technology Group during the third quarter worth $26,000. Hedge funds and other institutional investors 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.