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

Credo Technology Group (NASDAQ:CRDO) had its price objective lowered by equities researchers at Rosenblatt Securities from $170.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 9.44% from the company’s current price.

A number of other research firms have also recently commented on CRDO. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Bank of America lifted 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. The Goldman Sachs Group set a $165.00 price objective on Credo Technology Group and gave the company a “buy” rating in a report on Thursday, February 19th. Mizuho lowered their target price on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.29.

Credo Technology Group Stock Performance

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

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. During the same period in the prior year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 201.5% compared to the same quarter last year. On average, sell-side analysts forecast that Credo Technology Group will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Credo Technology Group

In related news, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were 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 owned 400,000 shares in the company, valued at $61,276,000. This trade represents a 48.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.70, for a total value of $9,608,500.00. Following the completion of the sale, the chief technology officer directly owned 6,613,961 shares in the company, valued at $1,155,458,986.70. This represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 917,976 shares of company stock worth $136,567,647 over the last ninety days. 11.84% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Reflection Asset Management acquired a new position in shares of Credo Technology Group during the 4th quarter worth $25,000. Clearwave Capital LLC acquired a new stake in shares of Credo Technology Group in the fourth quarter valued at about $708,000. BDFS Capital LLC acquired a new stake in shares of Credo Technology Group in the fourth quarter valued at about $775,000. Sit Investment Associates Inc. purchased a new stake in Credo Technology Group during the fourth quarter worth about $1,163,000. Finally, Mariner Investment Group LLC acquired a new position in Credo Technology Group during the fourth quarter worth about $288,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group News Summary

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

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.