Credo Technology Group’s (CRDO) Neutral Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their neutral rating on shares of Credo Technology Group (NASDAQ:CRDO) in a research note released on Monday,Benzinga reports. Rosenblatt Securities currently has a $125.00 price target on the stock.

CRDO has been the subject of several other reports. Roth Mkm decreased their price objective on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Barclays restated an “overweight” rating and issued a $260.00 price target on shares of Credo Technology Group in a research note on Thursday, January 15th. Mizuho decreased 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, Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Credo Technology Group has an average rating of “Buy” and a consensus target price of $206.33.

Credo Technology Group Stock Performance

CRDO stock opened at $105.27 on Monday. The company’s 50 day moving average price is $122.28 and its 200 day moving average price is $142.48. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 58.48 and a beta of 2.67. Credo Technology Group has a fifty-two week low of $29.09 and a fifty-two week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued 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. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The company had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 201.5% on a year-over-year basis. Equities analysts forecast that Credo Technology Group will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $107.90, for a total value of $2,967,250.00. Following the transaction, the chief technology officer directly owned 6,244,870 shares of the company’s stock, valued at $673,821,473. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Joseph Brennan sold 18,016 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total transaction of $2,120,122.88. Following the completion of the sale, the chief executive officer owned 234,609 shares of the company’s stock, valued at approximately $27,608,787.12. This trade represents a 7.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 436,101 shares of company stock worth $57,510,645. 11.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently made changes to their positions in CRDO. Spear Advisors LLC acquired a new stake in shares of Credo Technology Group during the fourth quarter worth about $11,705,000. World Investment Advisors increased its position in Credo Technology Group by 77.5% in the 4th quarter. World Investment Advisors now owns 2,870 shares of the company’s stock valued at $413,000 after acquiring an additional 1,253 shares during the period. Corient Private Wealth LLC increased its position in Credo Technology Group by 1,665.6% in the 4th quarter. Corient Private Wealth LLC now owns 26,573 shares of the company’s stock valued at $3,824,000 after acquiring an additional 25,068 shares during the period. Reflection Asset Management purchased a new stake in Credo Technology Group during the 4th quarter valued at approximately $25,000. Finally, Clearwave Capital LLC purchased a new stake in Credo Technology Group during the 4th quarter valued at approximately $708,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Seeking Alpha publishes a bullish “Strong Buy” thesis highlighting Credo’s Q3 2026 results (≈201% YoY revenue growth, ≈405% YoY EPS growth, EBIT margin expansion to ~37%) and accelerating demand from hyperscalers for its power‑efficient AEC interconnect solutions — a fundamental case for continued upside. Article Title
• Neutral Sentiment: Rosenblatt reaffirmed a “neutral” rating with a $125 price target, signaling analyst conviction that there is still material upside (~18.7% from the reference price), but not an outright buy endorsement — this can temper both selling and buying pressure. Article Title
• Neutral Sentiment: Comparative coverage (Yahoo/Zacks) contrasts CRDO with Marvell (MRVL), underscoring that AI data‑center demand lifts both names but that they have different growth rates, valuations and competitive strategies — investors may be rotating between names based on risk/valuation preferences. Article Title Article Title
• Neutral Sentiment: Yahoo piece on recent pullback notes the stock has seen short-term declines (weekly/30‑day pullbacks) despite strong 1‑year gains — this frames current moves as part of a consolidation/rotation rather than a change in the long-term thesis. Article Title
• Neutral Sentiment: Short‑interest data reported for March appears to show zero shares and NaN changes (likely a data/reporting anomaly), so it shouldn’t be interpreted as fresh bearish positioning until verified by clearer data. No actionable days‑to‑cover signal at present.
• Negative Sentiment: Insider selling: Credo’s CTO reportedly sold roughly $2.97M of stock, and media coverage linked the sale to a short-term share decline. Insider sales can increase near-term selling pressure and raise investor caution, especially amid recent pullbacks. Article Title
• Negative Sentiment: Follow‑on coverage noted a ~3.4% intraday decline after the insider sale story, showing how headlines can amplify short-term volatility despite strong fundamentals. Article Title

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.