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

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $248.4118.

A number of analysts have commented on the company. TD Cowen lifted their target price on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings raised Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group lifted their price objective on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho upped their target price on shares of Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Rothschild & Co Redburn started coverage on shares of Credo Technology Group in a report on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock.

Credo Technology Group Stock Performance

Shares of NASDAQ CRDO opened at $217.50 on Friday. The firm’s 50 day moving average price is $167.59 and its 200-day moving average price is $146.77. Credo Technology Group has a 52-week low of $66.75 and a 52-week high of $245.95. The company has a market cap of $40.12 billion, a PE ratio of 87.70, a P/E/G ratio of 1.44 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 36.99%. The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 157.0% compared to the same quarter last year. On average, analysts forecast that Credo Technology Group will post 3.78 earnings per share for the current fiscal year.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Multiple articles highlighted Credo’s strong fiscal 2026 results, including revenue more than tripling year over year and earnings beating expectations, reinforcing the idea that the company is benefiting from rapid AI networking demand.
• Positive Sentiment: Management’s commentary on the earnings call pointed to an upcoming optical networking ramp, with plans for more than $600 million in optical revenue in fiscal 2027 and over 80% revenue growth guidance, which investors view as a major next leg of growth. Article: CRDO Q4 Earnings Call Flags Optical Ramp as Next Leg
• Positive Sentiment: Wall Street commentary remained constructive, with coverage noting analysts are increasingly bullish on CRDO and that the company remains a key AI infrastructure beneficiary. Article: Wall Street delivers a surprising verdict on Credo stock
• Neutral Sentiment: Credo also presented at the Bank of America Global Technology Conference, but the event was a transcript/discussion rather than a new financial catalyst. Article: Credo Technology Group Holding Ltd (CRDO) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: Several follow-up articles focused on valuation and the sustainability of growth after the stock’s huge run-up, suggesting some investors are debating whether the rally has already priced in a lot of good news.

Insider Transactions at Credo Technology Group

In related news, CEO William Joseph Brennan sold 6,149 shares of the company’s stock in a transaction on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the completion of the sale, the chief executive officer owned 222,311 shares in the company, valued at approximately $22,553,450.95. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Laufman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $164.41, for a total value of $1,644,100.00. Following the completion of the transaction, the insider directly owned 198,609 shares in the company, valued at $32,653,305.69. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 386,608 shares of company stock worth $50,371,351. 11.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Savant Capital LLC boosted its holdings in Credo Technology Group by 0.7% during the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after acquiring an additional 68 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Credo Technology Group by 16.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after purchasing an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Credo Technology Group by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock worth $2,298,000 after purchasing an additional 91 shares during the last quarter. QRG Capital Management Inc. increased its stake in Credo Technology Group by 1.7% in the 1st quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock worth $507,000 after buying an additional 91 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in Credo Technology Group by 1.6% during the 1st quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after buying an additional 92 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

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.