Credo Technology Group (NASDAQ:CRDO) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Credo Technology Group (NASDAQ:CRDO) in a report released on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $175.00 target price on the stock.

A number of other equities research analysts have also weighed in on CRDO. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research note on Friday, March 27th. Roth Mkm lowered their price objective on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Rosenblatt Securities restated a “neutral” rating and set a $125.00 price objective on shares of Credo Technology Group in a research note on Monday, March 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $204.38.

Credo Technology Group Stock Up 12.4%

Shares of NASDAQ CRDO opened at $134.36 on Monday. Credo Technology Group has a fifty-two week low of $33.04 and a fifty-two week high of $213.80. The business has a 50 day moving average price of $111.60 and a two-hundred day moving average price of $136.70. The firm has a market cap of $24.78 billion, a PE ratio of 74.64 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating 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 quarter last year, the firm earned $0.25 EPS. Credo Technology Group’s quarterly revenue was up 201.5% on a year-over-year basis. On average, analysts anticipate that Credo Technology Group will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Yat Tung Lam sold 3,180 shares of the firm’s stock in a transaction that occurred on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total value of $322,611.00. Following the sale, the chief operating officer owned 2,610,329 shares of the company’s stock, valued at approximately $264,817,877.05. This trade represents a 0.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $103.19, for a total value of $2,837,725.00. Following the completion of the sale, the chief technology officer directly owned 6,162,370 shares in the company, valued at approximately $635,894,960.30. This trade represents a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 388,919 shares of company stock worth $46,143,535. Company insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

Several hedge funds have recently made changes to their positions in CRDO. Corient Private Wealth LLC lifted its holdings 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 worth $517,835,000 after purchasing an additional 3,597,318 shares during the last quarter. Amundi lifted its holdings in shares of Credo Technology Group by 28,478.2% in the 4th quarter. Amundi now owns 1,559,796 shares of the company’s stock worth $224,439,000 after purchasing an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Credo Technology Group by 841.9% in the 4th quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock worth $228,979,000 after purchasing an additional 1,422,391 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Credo Technology Group by 161.5% in the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after purchasing an additional 1,406,752 shares during the last quarter. Finally, Rafferty Asset Management LLC bought a new stake in shares of Credo Technology Group in the 3rd quarter worth approximately $183,553,000. Institutional investors own 80.46% of the company’s stock.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo announced it will acquire DustPhotonics to accelerate expansion into silicon photonics and next‑generation optical connectivity — a strategic move that broadens Credo’s technology mix beyond copper interconnects and could support longer‑term data‑center demand growth. Read More.
• Positive Sentiment: Jefferies initiated coverage with a Buy and $175 price target, arguing Credo is an underappreciated play on AI infrastructure and signaling institutional support for a higher valuation multiple. Read More.
• Positive Sentiment: Unusual options activity: traders bought roughly 29,633 call options (about 27% above typical call volume), a near‑term bullish signal that likely amplified intraday buying pressure.
• Positive Sentiment: Multiple analyst narratives are highlighting Credo’s AI exposure and growth runway (strong revenue and margin trajectory cited), framing the stock as underappreciated by the market which supports a re‑rating if execution continues. Read More.
• Neutral Sentiment: Financial press and stock‑pick sites are amplifying the move and debating copper vs optical solutions for AI data centers; coverage can both attract momentum buyers and increase short‑term volatility. Read More.
• Neutral Sentiment: Third‑party writeups and comparison pieces (Seeking Alpha, AmericanBankingNews) are bullish in tone but reflect narrative building rather than new financial data; useful for sentiment but less directly catalytic than the acquisition or Jefferies coverage. Read More. and 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.