Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Receives Consensus Rating of “Buy” from Brokerages

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) have been given an average rating of “Buy” by the nineteen research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $263.1111.

A number of research firms have weighed in on CRDO. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a research note on Friday, May 1st. They set a “buy” rating and a $206.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. TD Cowen raised 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, June 2nd. Roth Capital lifted their price target on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings raised Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo’s free cash flow surged to $177.5 million, which strengthens its balance sheet and gives the company more flexibility to fund innovation, pursue acquisitions, and expand its AI-driven connectivity business. That kind of cash generation is typically viewed favorably by investors. Credo’s Free Cash Flow Soars: Can the Momentum Continue?
• Positive Sentiment: The company also drew a mention from an investment manager’s Q2 2026 letter, which can reinforce the view that institutional investors see Credo as a strong growth name in the small-cap tech space. Here’s Why Credo Technology Group Holding Ltd (CRDO) is on the Detector List of the Fund
• Neutral Sentiment: Several articles focused on insider selling, including a planned sale by a Credo executive and other executives, but the transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily signal a negative change in fundamentals. Still, investors may view the sales cautiously after the stock’s sharp move higher. A Credo Executive Sold Nearly $24 Million in Stock Across Two Sales in One Day
• Neutral Sentiment: Another note highlighted that the company remains a market favorite after a major rally, with the discussion centered more on valuation and recent price gains than on a new business catalyst. What This Billionaire Co-Founder’s Credo Sale Signals With Shares Up 139%
• Neutral Sentiment: A separate market commentary piece mentioned Credo among potential buy-the-dip opportunities in a volatile AI-capex environment, but it was broader market analysis rather than company-specific news. Steven Cress’ Top 2 Stocks H2 2026

Credo Technology Group Price Performance

NASDAQ:CRDO opened at $202.68 on Friday. The company’s fifty day moving average price is $232.10 and its 200-day moving average price is $167.13. Credo Technology Group has a 1-year low of $86.49 and a 1-year high of $308.67. The firm has a market capitalization of $37.80 billion, a P/E ratio of 81.73, a PEG ratio of 0.95 and a beta of 3.20.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 157.0% on a year-over-year basis. Equities analysts anticipate that Credo Technology Group will post 4.84 EPS for the current fiscal year.

Insider Activity

In related news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $269.84, for a total transaction of $7,420,600.00. Following the sale, the chief technology officer directly owned 5,909,870 shares of the company’s stock, valued at approximately $1,594,719,320.80. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the sale, the chief financial officer owned 501,873 shares in the company, valued at approximately $125,207,276.04. This represents a 7.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 329,662 shares of company stock valued at $76,068,196 in the last three months. 11.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Credo Technology Group

Several hedge funds have recently modified their holdings of the company. Crewe Advisors LLC increased its stake in shares of Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after purchasing an additional 106 shares in the last quarter. Reflection Asset Management purchased a new position in Credo Technology Group during the fourth quarter worth approximately $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in Credo Technology Group in the fourth quarter valued at approximately $32,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Credo Technology Group in the fourth quarter valued at approximately $36,000. 80.46% of the stock is owned by hedge funds and other 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.