Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Receives Average Recommendation of “Buy” from Analysts

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) has earned an average recommendation of “Buy” from the seventeen analysts that are currently covering the stock, MarketBeat.com 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $206.3333.

Several analysts have commented on CRDO shares. Craig Hallum restated a “buy” rating and issued a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a report on Tuesday, March 3rd. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Mizuho lowered their price target on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, March 3rd. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $125.00 price target on shares of Credo Technology Group in a report on Monday, March 23rd.

Credo Technology Group Trading Up 3.2%

Credo Technology Group stock opened at $110.21 on Thursday. The stock has a market cap of $20.33 billion, a PE ratio of 61.23 and a beta of 2.72. The stock has a 50-day moving average price of $111.85 and a 200 day moving average price of $137.56. Credo Technology Group has a 52 week low of $33.04 and a 52 week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted 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. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm’s quarterly revenue was up 201.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, equities analysts predict that Credo Technology Group will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other Credo Technology Group news, CFO Daniel W. Fleming sold 2,460 shares of Credo Technology Group stock in a transaction dated Sunday, April 5th. The stock was sold at an average price of $101.45, for a total value of $249,567.00. Following the completion of the sale, the chief financial officer owned 441,258 shares in the company, valued at $44,765,624.10. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction dated Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $623,816.05. Following the completion of the sale, the chief executive officer owned 222,311 shares of the company’s stock, valued at $22,553,450.95. This trade represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 391,119 shares of company stock worth $46,493,731 over the last 90 days. Corporate insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Credo Technology Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock valued at $2,386,449,000 after purchasing an additional 59,849 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Credo Technology Group by 18.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after purchasing an additional 1,190,522 shares in the last quarter. State Street Corp lifted its stake in shares of Credo Technology Group by 23.4% in the 4th quarter. State Street Corp now owns 4,486,320 shares of the company’s stock valued at $645,537,000 after purchasing an additional 849,654 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Credo Technology Group by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock valued at $555,117,000 after purchasing an additional 184,676 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Credo Technology Group by 239,024.5% in the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after purchasing an additional 3,597,318 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Hyperscaler expansion and continued AEC (short‑reach copper) adoption are driving strong AEC revenue growth and support higher near‑term demand from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Positive Sentiment: Major analyst support: >90% of analysts rate CRDO a Buy and the consensus price target (~$200) implies substantial upside versus current levels — that buy‑side coverage is supporting investor demand. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang cleared — Credo settled disputes with TE Connectivity and Molex via confidential license/settlement agreements, and related lawsuits will be dismissed, removing litigation uncertainty that had weighed on valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Neutral Sentiment: Comparative coverage and watchlist mentions (MarketBeat/Bridget’s Buys) highlight CRDO as a volatile, high‑growth data‑center name — useful for context but less likely to move price intra‑day. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Insider selling: multiple Form 4 filings (including the CTO) show clustered sales in early April under 10b5‑1 plans — large dollar amounts though small percentage ownership reductions; this cluster can weigh on near‑term sentiment. CTO Insider Sales
• Negative Sentiment: Customer concentration risk: while hyperscaler deals lift revenue, heavy reliance on a small number of large customers raises execution and pricing risk if spending patterns shift. Credo Technology Expands Hyperscaler Reach: Concern or Strength?

Credo Technology Group Company Profile

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.