Rosenblatt Securities Issues Positive Forecast for Credo Technology Group (NASDAQ:CRDO) Stock Price

Credo Technology Group (NASDAQ:CRDO) had its target price upped by Rosenblatt Securities from $215.00 to $235.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 13.73% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group restated a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a research 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 note on Tuesday, June 2nd. Susquehanna boosted their price target on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Credo Technology Group in a research report on Friday, August 21st. Finally, Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Credo Technology Group has a consensus rating of “Moderate Buy” and a consensus target price of $265.89.

Credo Technology Group Stock Down 8.6%

NASDAQ CRDO opened at $206.63 on Wednesday. The firm has a 50-day moving average price of $235.81 and a two-hundred day moving average price of $188.53. Credo Technology Group has a 12-month low of $86.49 and a 12-month high of $308.67. The company has a market capitalization of $38.83 billion, a P/E ratio of 83.32, a P/E/G ratio of 1.02 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business’s revenue for the quarter was up 114.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities analysts expect that Credo Technology Group will post 4.89 EPS for the current year.

Insider Activity at Credo Technology Group

In related news, CFO Daniel W. Fleming sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $249.48, for a total value of $9,979,200.00. Following the completion of the sale, the chief financial officer directly owned 501,873 shares of the company’s stock, valued at $125,207,276.04. The trade was a 7.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, COO Yat Tung Lam sold 55,441 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $213.02, for a total value of $11,810,041.82. Following the transaction, the chief operating officer directly owned 2,529,169 shares in the company, valued at approximately $538,763,580.38. This trade represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 435,076 shares of company stock valued at $101,043,506 in the last ninety days. Insiders own 9.06% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its position in shares of Credo Technology Group by 128.4% during the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Credo Technology Group by 63.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after acquiring an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Credo Technology Group by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock valued at $12,480,000 after purchasing an additional 7,107 shares during the last quarter. CW Advisors LLC acquired a new position in Credo Technology Group during the 2nd quarter valued at about $288,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Credo Technology Group by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $46,000 after purchasing an additional 333 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

More Credo Technology Group News

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

• Positive Sentiment: Results exceeded expectations: Credo reported fiscal Q1 2027 earnings of $1.20 per share versus the $1.17 consensus estimate, while revenue of $479 million topped forecasts of $473.3 million. Revenue increased 114.7% year over year, and EPS more than doubled from $0.52 a year earlier. Credo Q1 earnings and revenues beat estimates
• Positive Sentiment: Above-consensus outlook: Management guided fiscal Q2 revenue to $525 million-$535 million, ahead of the approximately $513.8 million analyst estimate. The outlook supports continued demand from AI-related data-center and connectivity customers. Credo Q1 2027 earnings call transcript
• Positive Sentiment: Long-term technology opportunity: Credo joined the Open CPX MSA organization, which is focused on interoperable near-package and co-packaged optical interconnects for AI infrastructure. Credo joins Open CPX MSA organization
• Neutral Sentiment: Expectations were elevated: Analysts’ consensus price target implied roughly 28% additional upside, but Credo’s high beta, substantial gain over the past year and trading well above its 200-day average increased the risk of profit-taking after earnings. Wall Street analysts and Credo price target
• Negative Sentiment: Margin concerns drove the reaction: Reports indicated that pressure on margins outweighed the earnings and revenue beats, raising questions about how profitably Credo can convert rapid AI-driven growth into earnings. Credo shares fall as margin pressure overshadows earnings beat
• Negative Sentiment: Rich valuation leaves little room for disappointment: With shares valued at a high earnings multiple and having risen more than twelvefold over three years, investors are questioning whether the current price already reflects much of Credo’s AI growth potential. Is Credo priced for perfection?

About Credo Technology Group

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.