Credo Technology Group (NASDAQ:CRDO) Earns Neutral Rating from Rosenblatt Securities

Credo Technology Group (NASDAQ:CRDO)‘s stock had its “neutral” rating restated by research analysts at Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They presently have a $235.00 price objective on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 31.65% from the company’s previous close.

Several other research analysts have also issued reports on CRDO. Barclays raised their target price on Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Evercore set a $292.00 price target on Credo Technology Group in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. decreased their price target on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Bank of America reduced their target price on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

Credo Technology Group Stock Down 0.4%

Shares of NASDAQ:CRDO traded down $0.73 during trading on Thursday, hitting $178.50. 9,804,640 shares of the company were exchanged, compared to its average volume of 7,596,394. Credo Technology Group has a 1-year low of $86.49 and a 1-year high of $308.67. The business’s 50 day moving average is $207.08 and its 200-day moving average is $204.49. The company has a market capitalization of $33.55 billion, a P/E ratio of 63.52, a price-to-earnings-growth ratio of 0.79 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO) last posted 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 business had revenue of $479.00 million for the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The firm’s revenue was up 114.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. As a group, sell-side analysts anticipate that Credo Technology Group will post 5.02 earnings per share for the current year.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, COO Yat Lam sold 55,441 shares of Credo Technology Group 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 completion of the sale, the chief operating officer directly owned 2,529,169 shares in the company, valued at approximately $538,763,580.38. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Cheng sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $193.12, for a total value of $5,310,800.00. Following the completion of the transaction, the chief technology officer directly owned 5,689,897 shares in the company, valued at approximately $1,098,832,908.64. This trade represents a 0.48% decrease in their ownership of the stock. 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. Insiders sold a total of 468,786 shares of company stock worth $95,025,003 over the last three months. 9.06% of the stock is owned by company insiders.

Institutional Trading of Credo Technology Group

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in shares of Credo Technology Group by 1,020.4% in the third quarter. Assenagon Asset Management S.A. now owns 65,653 shares of the company’s stock valued at $12,789,000 after buying an additional 59,793 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Credo Technology Group by 28.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,734 shares of the company’s stock valued at $532,000 after buying an additional 600 shares during the last quarter. Formuepleje A S bought a new position in shares of Credo Technology Group during the 3rd quarter worth $340,000. Mather Group LLC. grew its stake in shares of Credo Technology Group by 16.8% during the 3rd quarter. Mather Group LLC. now owns 3,922 shares of the company’s stock worth $764,000 after acquiring an additional 564 shares during the period. Finally, Hudock Inc. increased its holdings in Credo Technology Group by 2.8% in the 3rd quarter. Hudock Inc. now owns 4,317 shares of the company’s stock worth $841,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Credo reported explosive growth in its latest quarter, with revenue increasing 114.7% year over year to $479 million and earnings exceeding analyst expectations. Its outlook calls for approximately $525 million to $535 million in near-term revenue, while fiscal 2027 revenue is projected to rise more than 85%. AI connectivity stock comparison
• Positive Sentiment: The company is expanding its AI data-center opportunity with optical connectivity products, including its 1.6T ZeroFlap Active Light Cable. The technology is designed to offer longer reach, lower power consumption and improved reliability as data-center bandwidth requirements increase. Credo AI data-center connectivity article
• Positive Sentiment: Several investment articles describe the recent pullback as a potential buying opportunity, arguing that Credo’s earnings growth has begun to justify its historically high valuation. Credo buying opportunity analysis
• Neutral Sentiment: Rosenblatt Securities reaffirmed a “neutral” rating but raised its price target to $235. The target implies meaningful upside, although the unchanged rating signals that analysts remain cautious about execution and valuation.
• Neutral Sentiment: Credo is frequently being compared with Arm, Coherent and Astera Labs as investors assess which semiconductor and AI-connectivity companies offer the best balance of growth, valuation and risk. Arm versus Credo comparison
• Negative Sentiment: CRDO has declined alongside AI infrastructure peers, suggesting that profit-taking and sector-wide volatility—not a newly reported deterioration in operations—are major factors behind the weakness. Credo stock pullback analysis
• Negative Sentiment: The stock still trades at a premium valuation and relies heavily on two major customers, leaving it vulnerable to slower AI spending or execution setbacks. Multiple insiders, including the CFO, CTO and a director, have also sold shares under pre-arranged Rule 10b5-1 plans. These sales were relatively small compared with their remaining holdings but may modestly weigh on sentiment.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.