Credo Technology Group (NASDAQ:CRDO) Now Covered by Analysts at Rosenblatt Securities

Rosenblatt Securities initiated coverage on shares of Credo Technology Group (NASDAQ:CRDO) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $170.00 target price on the stock.

Other equities research analysts also recently issued reports about the company. KGI Securities raised Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 target price on the stock in a report on Tuesday, December 2nd. Mizuho lifted their price target on Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. started coverage on shares of Credo Technology Group in a research report on Friday, October 17th. They set an “overweight” rating and a $165.00 price objective on the stock. New Street Research set a $240.00 price objective on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Finally, Roth Mkm raised their price target on shares of Credo Technology Group from $170.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Credo Technology Group has a consensus rating of “Buy” and an average price target of $216.54.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO opened at $139.16 on Wednesday. The stock has a market cap of $25.14 billion, a P/E ratio of 122.07 and a beta of 2.66. Credo Technology Group has a 1 year low of $29.09 and a 1 year high of $213.80. The firm has a 50-day moving average of $151.97 and a 200 day moving average of $140.23.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.18. The firm had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The business’s revenue was up 272.1% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. 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, insider James Laufman sold 10,000 shares of the stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the insider owned 214,905 shares of the company’s stock, valued at approximately $32,235,750. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel W. Fleming sold 3,902 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $140.15, for a total value of $546,865.30. Following the completion of the transaction, the chief financial officer directly owned 446,178 shares in the company, valued at $62,531,846.70. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 995,476 shares of company stock valued at $154,189,463 in the last 90 days. 11.84% of the stock is owned by company insiders.

Institutional Trading of Credo Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp purchased a new position in shares of Credo Technology Group during the 3rd quarter worth $25,000. Crewe Advisors LLC raised its holdings in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the period. First Horizon Corp purchased a new position in Credo Technology Group during the third quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Credo Technology Group during the second quarter valued at about $27,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Credo Technology Group during the fourth quarter valued at about $32,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Record quarter and raised guidance: Credo reported a blowout Q2 FY26 (revenue $268M, +272% YoY) and management raised next-quarter revenue guidance, which underpins the company’s rapid AI/data‑center revenue expansion. Read More.
• Positive Sentiment: Strong analyst bullishness and higher price targets: Multiple firms (Bank of America, Wolfe, Needham, others) have raised targets (consensus avg ~$220), signaling continued upside expectations based on rapid growth and AEC/AI demand. Read More.
• Positive Sentiment: Investor narratives favor long-term entry after pullback: Several retail/analyst pieces frame the recent pullback as a buying opportunity given Credo’s product roadmap (ZeroFlap, Hyperlume) and high-margin positioning in AI networking. Read More.
• Neutral Sentiment: New coverage with cautious tone: Rosenblatt initiated coverage with a “neutral” rating and $170 target (about mid‑single‑digit to low‑double upside from recent levels), which could temper immediate upside despite other bullish targets. Read More.
• Neutral Sentiment: ETF/connectivity trend discussion: Coverage highlighting Credo’s role in data‑center connectivity and Nasdaq‑100/ETF trends may support passive demand over time but is not an immediate catalyst. Read More.
• Neutral Sentiment: Heavy institutional ownership and elevated volume: ~80% institutional ownership and today’s above‑average trading volume increase volatility — can amplify moves in either direction. Read More.
• Negative Sentiment: Insider selling by CTO: Credo’s CTO, Chi Fung Cheng, has sold multiple blocks recently (most recently 30,000 shares at ~$155.47), a sequence of sales that may spook some investors despite remaining a large holder. SEC filing available. Read More.

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.