Credo Technology Group (NASDAQ:CRDO) Upgraded at Zacks Research

Zacks Research upgraded shares of Credo Technology Group (NASDAQ:CRDO) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

CRDO has been the topic of a number of other reports. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the company a “buy” rating in a research report on Thursday, February 19th. Craig Hallum reissued a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday. Mizuho dropped their price target on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. Finally, Rosenblatt Securities reduced their price objective on Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $206.33.

Credo Technology Group Trading Up 11.9%

Shares of CRDO stock opened at $114.74 on Tuesday. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 63.74 and a beta of 2.67. Credo Technology Group has a 1-year low of $29.09 and a 1-year high of $213.80. The stock’s fifty day simple moving average is $130.40 and its 200-day simple moving average is $142.96.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million during the quarter, compared to analyst estimates of $385.94 million. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 201.5% compared to the same quarter last year. On average, sell-side analysts predict that Credo Technology Group will post 0.13 EPS for the current year.

Insider Buying and Selling at Credo Technology Group

In related news, CEO William Joseph Brennan sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $153.16, for a total value of $7,658,000.00. Following the completion of the sale, the chief executive officer directly owned 1,892,502 shares in the company, valued at approximately $289,855,606.32. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Yat Tung Lam sold 370,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the sale, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at $61,276,000. The trade was a 48.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 916,101 shares of company stock worth $136,220,453 over the last three months. Corporate insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors have recently modified their holdings of CRDO. Atlantic Union Bankshares Corp acquired a new stake in Credo Technology Group during the third quarter worth about $25,000. Crewe Advisors LLC grew its holdings in shares of Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares in the last quarter. Reflection Asset Management bought a new stake in shares of Credo Technology Group during the fourth quarter valued at approximately $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group in the fourth quarter valued at $25,000. Finally, First Horizon Corp bought a new position in Credo Technology Group in the third quarter worth $26,000. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group News Roundup

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

• Positive Sentiment: Strategic M&A and partnerships broaden Credo’s AI connectivity footprint — the CoMira acquisition plus a collaboration with TensorWave add IP and go‑to‑market support for advanced AI rack architectures, strengthening Credo’s addressable market in AI data centers. Credo Deepens AI Data Center Role With CoMira Deal And TensorWave Tie Up
• Positive Sentiment: Sector tailwind: Broadcom’s public preference for copper interconnects in AI racks benefits Credo’s copper-centric connectivity product roadmap and helped lift sentiment across similar suppliers. Credo Shares Jump 10% as Broadcom Backs Copper Over Optical Tech
• Positive Sentiment: Fundamentals and estimates are moving upward — Credo recently reported better‑than‑expected EPS and revenue, and analysts have been revising earnings estimates higher, supporting further upside potential. Earnings Estimates Rising for Credo Technology Group (CRDO)
• Positive Sentiment: Wall Street bullishness and upside targets: the average analyst price target implies large upside, and several firms have reiterated buys — this drives interest and momentum among growth investors. Wall Street Analysts See a 95.05% Upside in Credo Technology Group (CRDO)
• Neutral Sentiment: Short-interest reporting in feeds shows odd/zero values and appears unreliable right now; no clear short‑pressure signal can be drawn from the published short‑interest lines.
• Negative Sentiment: Some sell‑side pushback: a cluster of firms (Rosenblatt, Susquehanna, Mizuho and others) have lowered expectations or issued downgrades recently, which earlier triggered a sharp pullback in the stock and keeps near‑term sentiment bifurcated. Rosenblatt Has Lowered Expectations for Credo Technology Group
• Negative Sentiment: Analyst fair‑value/tone adjustments: at least one note trimmed assessed fair value for CRDO, reflecting sector multiple resets and the need to calibrate valuation after recent rallies — a headwind for further multiple expansion. How The Credo Technology Group Holding (CRDO) Story Is Shifting After Recent Analyst Revisions

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.