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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) has been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $266.1667.

CRDO has been the subject of several research reports. Evercore assumed coverage on shares of Credo Technology Group in a report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 target price for the company. TD Cowen upped their price target on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Barclays raised their price target 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. Bank of America lifted their price objective on Credo Technology Group from $252.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Stifel Nicolaus increased their target price on Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd.

Credo Technology Group Price Performance

Shares of CRDO stock opened at $247.69 on Wednesday. The firm has a market cap of $46.19 billion, a PE ratio of 99.88, a price-to-earnings-growth ratio of 1.10 and a beta of 3.23. The company has a 50-day moving average of $238.08 and a two-hundred day moving average of $176.08. Credo Technology Group has a 1-year low of $86.49 and a 1-year high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly 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 business had revenue of $437.00 million for the quarter, compared to the consensus estimate of $431.80 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue was up 157.0% on a year-over-year basis. Sell-side analysts anticipate that Credo Technology Group will post 4.84 EPS for the current fiscal year.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Credo will contribute its OmniConnect scale-in interconnect solution to the Open Compute Project, targeting the “memory wall” challenge in AI inference. Standardization could broaden adoption of Credo’s connectivity technology across AI data-center systems. Credo to Contribute OmniConnect Scale-In Interconnect Solution to the Open Compute Project
• Positive Sentiment: Analyst and industry commentary continues to highlight Credo as a beneficiary of accelerating AI infrastructure demand, including the expected ramp of AMD’s Helios rack-scale systems and broader spending on high-speed interconnects and optical components. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Recent investment commentary argues that AI expansion remains in its early stages and that Credo’s connectivity products could benefit from rising data-center bandwidth requirements. Additional coverage points to stronger demand and growing investor awareness of the company. Credo: Don’t Get Left Behind, AI Expansion Is Just Beginning
• Neutral Sentiment: Credo scheduled its fiscal first-quarter 2027 earnings conference call for September 1, covering the quarter ended August 1. The announcement itself contains no financial results, but the upcoming report may become the next major catalyst for the stock. Credo Schedules First Quarter Fiscal Year 2027 Financial Results Conference Call
• Neutral Sentiment: The newly launched Aura VettaFi Photonics Index ETF provides broader exposure to AI optics and photonics companies. This may improve sector visibility, but the report does not identify a direct investment or inclusion effect for Credo. New Aura VettaFi Photonics Index ETF Targets AI Optics Infrastructure
• Negative Sentiment: The reported short-interest data shows zero shares short and a zero-day short-interest ratio, with an invalid percentage change. Because the figures appear erroneous or incomplete, they provide no reliable bearish or bullish signal.

Insiders Place Their Bets

In other news, CFO Daniel W. Fleming sold 7,580 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $245.88, for a total value of $1,863,770.40. Following the completion of the transaction, the chief financial officer owned 504,708 shares of the company’s stock, valued at approximately $124,097,603.04. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,473 shares of Credo Technology Group stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the completion of the transaction, the chief technology officer owned 5,772,397 shares of the company’s stock, valued at $1,209,490,343.41. This trade represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 435,076 shares of company stock worth $101,043,506 over the last three months. Company insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors have recently modified their holdings of the business. City Center Advisors LLC boosted its holdings in shares of Credo Technology Group by 2.1% during the 2nd quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock worth $706,000 after buying an additional 53 shares during the period. Versant Capital Management Inc raised its holdings in Credo Technology Group by 8.0% in the 2nd quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock worth $205,000 after acquiring an additional 56 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Credo Technology Group by 16.2% in 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 period. QRG Capital Management Inc. lifted its position in shares of Credo Technology Group by 1.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock worth $507,000 after purchasing an additional 91 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake 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 purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.