Analysts Set Credo Technology Group Holding Ltd. (NASDAQ:CRDO) PT at $140.36

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $140.3636.

A number of research analysts have issued reports on CRDO shares. Mizuho lifted their price objective on Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a research report on Thursday, September 4th. William Blair began coverage on shares of Credo Technology Group in a research report on Thursday, September 18th. They set an “outperform” rating on the stock. Barclays restated an “overweight” rating and set a $165.00 price objective on shares of Credo Technology Group in a research note on Tuesday, October 7th. Finally, Susquehanna upped their target price on shares of Credo Technology Group from $165.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO opened at $160.34 on Monday. Credo Technology Group has a 1 year low of $29.09 and a 1 year high of $193.50. The firm has a 50-day moving average of $154.31 and a 200 day moving average of $111.07. The stock has a market cap of $27.74 billion, a P/E ratio of 239.31 and a beta of 2.62.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. The business had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. During the same period in the prior year, the business posted $0.04 EPS. Credo Technology Group’s revenue for the quarter was up 273.6% on a year-over-year basis. Credo Technology Group has set its Q2 2026 guidance at EPS. Research analysts expect that Credo Technology Group will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CFO Daniel W. Fleming sold 112,580 shares of Credo Technology Group stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $138.20, for a total value of $15,558,556.00. Following the completion of the sale, the chief financial officer owned 458,678 shares of the company’s stock, valued at approximately $63,389,299.60. This trade represents a 19.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Yat Tung Lam sold 80,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $143.53, for a total value of $11,482,400.00. Following the completion of the transaction, the chief operating officer owned 920,000 shares of the company’s stock, valued at $132,047,600. This represents a 8.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 973,161 shares of company stock valued at $149,011,579. 11.84% of the stock is owned by corporate insiders.

Institutional Trading of Credo Technology Group

A number of institutional investors have recently made changes to their positions in the stock. Savant Capital LLC raised its holdings in shares of Credo Technology Group by 0.7% during the third quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after purchasing an additional 68 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in Credo Technology Group by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Credo Technology Group by 18.0% during the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock valued at $97,000 after buying an additional 101 shares during the period. GAMMA Investing LLC boosted its stake in shares of Credo Technology Group by 6.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,891 shares of the company’s stock worth $275,000 after buying an additional 118 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Credo Technology Group by 3.5% in the second quarter. Nisa Investment Advisors LLC now owns 3,684 shares of the company’s stock worth $341,000 after acquiring an additional 126 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Company Profile

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.