Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Receives $206.33 Average Target Price from Brokerages

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) has been assigned an average recommendation of “Buy” from the seventeen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $206.3333.

A number of analysts recently weighed in 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. Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price target on shares of Credo Technology Group and gave the company a “buy” rating in a report on Thursday, February 19th. TD Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Finally, Craig Hallum reiterated a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd.

Credo Technology Group Stock Down 11.0%

Shares of NASDAQ CRDO opened at $104.06 on Friday. Credo Technology Group has a twelve month low of $29.09 and a twelve month high of $213.80. The firm has a market cap of $19.19 billion, a PE ratio of 57.81 and a beta of 2.67. The business has a fifty day simple moving average of $125.71 and a two-hundred day simple moving average of $143.10.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The business had revenue of $407.01 million for the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business’s revenue was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 EPS. On average, research analysts expect that Credo Technology Group will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In other Credo Technology Group news, Director Pantas Sutardja sold 1,875 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $128.67, for a total transaction of $241,256.25. Following the sale, the director owned 5,892,034 shares of the company’s stock, valued at approximately $758,128,014.78. This trade represents a 0.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sylvia Acevedo sold 2,200 shares of Credo Technology Group stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $159.18, for a total value of $350,196.00. Following the completion of the transaction, the director owned 18,545 shares in the company, valued at $2,951,993.10. This represents a 10.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 463,601 shares of company stock worth $62,835,745 in the last three months. Corporate insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Credo Technology Group during the third quarter valued at about $25,000. Crewe Advisors LLC grew its position in shares of 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 buying an additional 106 shares during the last quarter. Reflection Asset Management purchased a new position in shares of Credo Technology Group in the 4th quarter worth approximately $25,000. Acumen Wealth Advisors LLC bought a new position in shares of Credo Technology Group during the 4th quarter worth approximately $25,000. Finally, First Horizon Corp bought a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $26,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

More Credo Technology Group News

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

• Positive Sentiment: Multiple AI‑focused product launches (800G ZeroFlap optical transceivers, Robin 800G optical DSPs and the low‑power 1.6T Cardinal DSP family) expand Credo’s addressable market for hyperscale AI fabrics and signaling a clear push into optical and DSP solutions for AI data centers. Credo Launches 800G ZeroFlap Optical Transceivers Engineered for AI Networks
• Positive Sentiment: OFC 2026 demonstrations and industry recognition (ZeroFlap, Bluebird DSP) showcase live performance and give Credo credibility with hyperscalers that buy scale‑out/scale‑up interconnects. Credo Showcases ZeroFlap And Bluebird As AI Data Center Catalyst
• Positive Sentiment: Strong recent financials: Q3 revenue and EPS materially beat and management projects large FY2026 growth; macro comments from Oracle and Broadcom implying continued copper demand support Credo’s near‑term growth runway. Credo’s Growth Explosion The Market Is Ignoring
• Neutral Sentiment: Sector tailwinds from Oracle’s data center buildout and Broadcom commentary (slower CPO adoption) help the copper‑centric parts of Credo’s business, but long‑term optics/CPO remain a risk to monitor. Why Credo and Astera Soared After Oracle and Broadcom’s Earnings
• Neutral Sentiment: Heightened retail attention and a large volume spike are driving short‑term volatility; that can amplify moves unrelated to fundamentals. CRDO shares garner retail attention amid new product launches, Nvidia CEO comments on copper use
• Negative Sentiment: Despite the launches, the stock fell intraday — suggesting profit‑taking or rotation after a big run; some investors are locking gains rather than waiting for adoption cycles. Credo Falls Despite New AI Networking Launches
• Negative Sentiment: Analyst/pricing and risk factors: Bank of America lowered its price target (but kept a Buy), and Credo has high customer concentration and a rich valuation — all reasons some holders may be trimming exposure. Credo Technology (CRDO) Fuels Optimism Despite Industry Re-Rating

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.