Credo Technology Group (NASDAQ:CRDO) Price Target Cut to $125.00 by Analysts at Rosenblatt Securities

Credo Technology Group (NASDAQ:CRDO) had its price target lowered by Rosenblatt Securities from $170.00 to $125.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also weighed in on CRDO. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Credo Technology Group in a report on Tuesday, February 10th. The Goldman Sachs Group set a $165.00 price objective on Credo Technology Group and gave the company a “buy” rating in a research report on Thursday, February 19th. Barclays reissued an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a research note on Thursday, January 15th. Roth Mkm dropped their target price on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.33.

Credo Technology Group Stock Down 14.8%

Credo Technology Group stock opened at $97.30 on Tuesday. The stock has a 50-day simple moving average of $132.06 and a 200 day simple moving average of $143.44. The stock has a market capitalization of $17.58 billion, a price-to-earnings ratio of 54.06 and a beta of 2.67. Credo Technology Group has a 12-month low of $29.09 and a 12-month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 37.17%. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter last year, the company posted $0.25 EPS. The company’s quarterly revenue was up 201.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Credo Technology Group will post 0.13 EPS for the current year.

Insider Activity at Credo Technology Group

In related news, CEO William Joseph Brennan sold 18,016 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $127.69, for a total value of $2,300,463.04. Following the completion of the sale, the chief executive officer owned 252,625 shares in the company, valued at approximately $32,257,686.25. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Daniel W. Fleming sold 3,902 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $140.15, for a total value of $546,865.30. Following the completion of the transaction, the chief financial officer directly owned 446,178 shares in the company, valued at $62,531,846.70. The trade was a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is owned by company insiders.

Hedge Funds Weigh In On Credo Technology Group

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its position in shares of Credo Technology Group by 128.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock valued at $284,000 after acquiring an additional 3,972 shares during the period. Goldman Sachs Group Inc. raised its holdings in Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after purchasing an additional 589,151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Credo Technology Group by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after purchasing an additional 7,107 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Credo Technology Group by 17.4% during the second quarter. Envestnet Asset Management Inc. now owns 75,869 shares of the company’s stock worth $7,025,000 after purchasing an additional 11,233 shares in the last quarter. Finally, Keybank National Association OH acquired a new position in shares of Credo Technology Group in the 2nd quarter valued at $324,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Strong beat: CRDO reported Q3 revenue of $407M (≈+201% YoY) and $1.07 EPS, materially above estimates — evidence of robust demand and execution. Credo quarterly earnings transcript
• Positive Sentiment: Guidance beat: management gave Q4 revenue guidance (~$425M–$435M) above Street consensus and projected >50% revenue growth for FY2027, supporting the multi-quarter growth narrative. BusinessWire: Q3 results press release
• Positive Sentiment: Product & partnerships: Credo is accelerating ZeroFlap optics ramp and expanding partnerships (TensorWave, CoMira), which lengthens the TAM for optical interconnects in AI datacenters. These are constructive for medium-term revenue growth. Zacks: Credo & TensorWave team-up
• Neutral Sentiment: Mixed analyst views: several firms reiterated buys but some lowered price targets — the consensus view still bullish on long-term upside but with nearer-term model adjustments. Benzinga: analysts revise forecasts
• Neutral Sentiment: Short-interest data currently shows no meaningful days-to-cover signal; not a clear driver of today’s volume spike.
• Negative Sentiment: Trade hangover / profit-taking: CRDO was caught in a sector-wide pullback after a recent surge — heavy selling pressure drove a double-digit drop as traders rotated out of high-flyers. 247WallSt: AI stocks diverge
• Negative Sentiment: Deceleration & margin concerns: despite beat and guidance, commentary and Q4 gross-margin guidance were viewed as conservative — analysts and investors fear AEC growth could slow into FY27, prompting re-rating. Seeking Alpha: Is AI Broken?
• Negative Sentiment: Macro risk-off: broader market volatility (geopolitical headlines, futures weakness) amplified selling in tech/AI names, increasing intraday volume and downside pressure on CRDO. Benzinga: futures plunge, market in focus

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.