Rosenblatt Securities Forecasts Strong Price Appreciation for Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group (NASDAQ:CRDO) had its price objective lifted by analysts at Rosenblatt Securities from $125.00 to $175.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 10.11% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Mizuho cut their price objective on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Craig Hallum restated a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Jefferies Financial Group started coverage on Credo Technology Group in a report on Monday. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Credo Technology Group in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Credo Technology Group has a consensus rating of “Moderate Buy” and an average target price of $207.81.

Credo Technology Group Trading Down 5.6%

Shares of Credo Technology Group stock opened at $158.93 on Wednesday. The company’s 50-day moving average price is $115.20 and its two-hundred day moving average price is $137.19. Credo Technology Group has a 52 week low of $33.04 and a 52 week high of $213.80. The stock has a market cap of $29.31 billion, a PE ratio of 88.29 and a beta of 2.72.

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

Insider Transactions at Credo Technology Group

In other news, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $5,884,000.00. Following the transaction, the chief executive officer owned 1,782,502 shares in the company, valued at $209,764,835.36. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Chi Fung Cheng sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $136.33, for a total value of $4,089,900.00. Following the completion of the transaction, the chief technology officer owned 6,327,370 shares in the company, valued at $862,610,352.10. This represents a 0.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 393,999 shares of company stock worth $45,888,245 in the last quarter. 11.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Credo Technology Group

A number of large investors have recently made changes to their positions in the business. Optimize Financial Inc bought a new stake in shares of Credo Technology Group in the 3rd quarter valued at approximately $1,431,000. Estate Counselors LLC bought a new stake in shares of Credo Technology Group in the 3rd quarter valued at approximately $2,548,000. Global Trust Asset Management LLC bought a new stake in shares of Credo Technology Group in the 3rd quarter valued at approximately $2,167,000. New York State Common Retirement Fund grew its stake in shares of Credo Technology Group by 106.5% in the 3rd quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock valued at $21,279,000 after buying an additional 75,369 shares in the last quarter. Finally, EFG Asset Management North America Corp. grew its stake in shares of Credo Technology Group by 76.5% in the 3rd quarter. EFG Asset Management North America Corp. now owns 21,976 shares of the company’s stock valued at $3,200,000 after buying an additional 9,527 shares in the last quarter. Institutional investors and hedge funds 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: Strategic acquisition — Credo agreed to buy DustPhotonics (reported at roughly $750M) to add silicon‑photonic PIC technology and deepen its role in AI/data‑center optical connectivity; the deal expands addressable market and was the primary catalyst for the recent rally. Credo Acquires DustPhotonics
• Positive Sentiment: Strong analyst support — Multiple firms issued bullish notes or initiated coverage (Needham reaffirmed Buy with a $220 target; Jefferies began coverage), which reinforces the growth narrative and likely drew fresh demand. Brokerage Notes
• Positive Sentiment: Heavy call‑option flow — Reports of unusually large call buying suggest speculative and hedged bullish positioning that can amplify upside momentum. Options Activity
• Neutral Sentiment: ESG disclosure — Credo released its first FY2025 GHG report, improving transparency (plans to expand to Scope 3). ESG reporting may broaden investor interest but is unlikely to move near‑term fundamentals. GHG Report
• Neutral Sentiment: Mixed analyst signals — Rosenblatt raised its price target to $175 but kept a Neutral rating; Zacks moved from strong‑buy to hold. Conflicting analyst views can increase short‑term volatility as investors parse differing valuations. Analyst Coverage Notes
• Neutral Sentiment: Management outreach — An M&A call/transcript and further integration details are expected; execution details and timing will be important for modeling the acquisition’s financial impact. M&A Call Transcript
• Negative Sentiment: Insider selling — CTO Chi Fung Cheng recently sold multiple blocks (including 27,500 shares) and CFO Daniel Fleming sold 7,580 shares under pre‑arranged 10b5‑1 plans; while disclosed as planned, these sales have been cited by traders as a reason for near‑term profit‑taking. CTO Form 4 / MarketBeat CFO Form 4
• Negative Sentiment: Short‑term profit‑taking risk — After a rapid run (one‑year returns well into triple digits), the stock is more sensitive to mixed research notes, insider sales, and general market rotation away from high‑beta, AI‑related names. Market Commentary

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.