Credo Technology Group’s (CRDO) “Neutral” Rating Reaffirmed at Rosenblatt Securities

Credo Technology Group (NASDAQ:CRDO)‘s stock had its “neutral” rating restated by stock 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’ target price would suggest a potential upside of 34.69% from the stock’s current price.

Several other analysts have also recently commented on the company. Susquehanna raised their target price on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Stifel Nicolaus decreased their target price on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Mizuho reduced their price objective on Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating for the company in a research report on Monday, September 21st. Wall Street Zen cut Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings cut Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.67.

Credo Technology Group Price Performance

Shares of CRDO traded down $4.75 during trading hours on Thursday, hitting $174.48. 5,287,311 shares of the company were exchanged, compared to its average volume of 7,572,657. The company has a market capitalization of $32.79 billion, a PE ratio of 62.01, a PEG ratio of 0.79 and a beta of 3.25. The firm has a fifty day simple moving average of $207.08 and a 200-day simple moving average of $204.49. Credo Technology Group has a one year low of $86.49 and a one year high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last issued 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 during the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%. Credo Technology Group’s revenue was up 114.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Sell-side analysts expect that Credo Technology Group will post 5.02 EPS for the current year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CTO Chi Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total value of $5,310,800.00. Following the transaction, the chief technology officer directly owned 5,689,897 shares of the company’s stock, valued at $1,098,832,908.64. The trade was a 0.48% 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. Also, COO Yat Lam sold 55,441 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $213.02, for a total value of $11,810,041.82. Following the completion of the transaction, the chief operating officer directly owned 2,529,169 shares of the company’s stock, valued at approximately $538,763,580.38. This trade represents a 2.15% 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. Over the last ninety days, insiders sold 468,786 shares of company stock worth $95,025,003. Company insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Large investors have recently modified their holdings of the stock. Reflection Asset Management bought a new position in Credo Technology Group during the fourth quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Credo Technology Group in the second quarter valued at about $27,000. AlphaCentric Advisors LLC acquired a new stake in shares of Credo Technology Group in the first quarter valued at about $33,000. Burkett Financial Services LLC acquired a new stake in shares of Credo Technology Group in the third quarter valued at about $33,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Credo Technology Group in the first quarter valued at about $38,000. 80.46% of the stock is currently owned by institutional investors.

More Credo Technology Group News

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

• Positive Sentiment: Credo’s AI connectivity business continues to show strong momentum. Recent coverage highlights revenue guidance of approximately $525 million to $535 million and fiscal 2027 revenue growth of more than 85%, following a quarter in which revenue increased 114.7% year over year to $479 million and earnings exceeded estimates. Credo revenue outlook article
• Positive Sentiment: The company’s 1.6T ZeroFlap Active Light Cable and its work on Open Compute Project standards for short-reach micro-emitter optics could expand its opportunity in AI data centers by addressing bandwidth, power-consumption and reliability bottlenecks. These products may provide additional upside if they achieve broad adoption. Credo AI data center connectivity article
• Positive Sentiment: Some analysts and commentators view the recent pullback as a potential buying opportunity, arguing that Credo’s earnings growth has begun to support its historically high valuation. Rosenblatt Securities reaffirmed a neutral rating but raised its price target to $235, implying meaningful potential upside from recent levels. Credo strong buy analysis
• Neutral Sentiment: Comparisons with Coherent, Astera Labs and Marvell underscore both Credo’s faster growth prospects and its valuation risk. Investors are weighing whether AI connectivity demand can justify the premium multiple, particularly as the company remains dependent on a small number of major customers. CRDO versus COHR analysis
• Negative Sentiment: CRDO has declined alongside other AI infrastructure shares, suggesting sector-wide profit-taking and elevated growth-stock volatility rather than a newly reported deterioration in operations. Its premium valuation makes the stock particularly sensitive to changes in AI spending expectations. Credo stock decline analysis
• Negative Sentiment: Executives reported sales under pre-arranged Rule 10b5-1 plans, including CTO Chi Cheng’s sale of 31,290 shares, CFO Daniel Fleming’s sale of 7,580 shares and Director Pantas Sutardja’s sale of 1,540 shares. The transactions were small relative to their remaining holdings, but may modestly pressure investor sentiment.

Credo Technology Group Company Profile

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.