Analysts Set Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Price Target at $91.27

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $91.2727.

Several research analysts recently commented on the company. Mizuho boosted their price target on Credo Technology Group from $112.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, June 3rd. Stifel Nicolaus boosted their price target on Credo Technology Group from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Wall Street Zen cut Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 24th. Finally, Roth Capital set a $95.00 price target on Credo Technology Group and gave the stock a “buy” rating in a research note on Friday, June 13th.

Credo Technology Group Price Performance

Shares of CRDO opened at $123.06 on Wednesday. The stock’s 50-day moving average is $105.59 and its two-hundred day moving average is $71.88. The stock has a market cap of $21.29 billion, a PE ratio of 455.78, a P/E/G ratio of 2.37 and a beta of 2.59. Credo Technology Group has a 12 month low of $24.08 and a 12 month high of $134.35.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $170.00 million for the quarter, compared to analysts’ expectations of $159.59 million. Credo Technology Group had a return on equity of 8.77% and a net margin of 11.95%.The firm’s quarterly revenue was up 179.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Credo Technology Group has set its Q1 2026 guidance at EPS. On average, research analysts anticipate that Credo Technology Group will post 0.13 earnings per share for the current year.

Insider Transactions at Credo Technology Group

In related news, CEO William Joseph Brennan sold 46,444 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $106.87, for a total value of $4,963,470.28. Following the completion of the sale, the chief executive officer directly owned 393,338 shares of the company’s stock, valued at $42,036,032.06. The trade was a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pantas Sutardja sold 1,875 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $107.00, for a total value of $200,625.00. Following the completion of the sale, the director directly owned 5,898,652 shares of the company’s stock, valued at approximately $631,155,764. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,274,583 shares of company stock valued at $113,118,257 in the last three months. Corporate insiders own 16.04% of the company’s stock.

Institutional Trading of Credo Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. bought a new stake in Credo Technology Group in the second quarter valued at about $1,296,000. Orion Porfolio Solutions LLC bought a new position in shares of Credo Technology Group during the second quarter valued at approximately $663,000. Thrivent Financial for Lutherans grew its holdings in shares of Credo Technology Group by 5.4% during the second quarter. Thrivent Financial for Lutherans now owns 35,225 shares of the company’s stock valued at $3,261,000 after purchasing an additional 1,812 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Credo Technology Group during the second quarter valued at approximately $380,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Credo Technology Group during the second quarter valued at approximately $272,000. 80.46% of the stock is owned by institutional investors.

About Credo Technology Group

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.