Credo Technology Group (NASDAQ:CRDO) Price Target Raised to $300.00

Credo Technology Group (NASDAQ:CRDO) had its price target lifted by TD Cowen from $260.00 to $300.00 in a research note published on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Susquehanna upped their price objective on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Evercore initiated coverage on Credo Technology Group in a research report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 target price on the stock. Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Jefferies Financial Group raised their price target on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $268.39.

Credo Technology Group Stock Down 1.5%

NASDAQ:CRDO opened at $231.35 on Tuesday. Credo Technology Group has a 52 week low of $86.49 and a 52 week high of $308.67. The stock’s fifty day moving average is $241.90 and its two-hundred day moving average is $182.27. The company has a market capitalization of $43.14 billion, a P/E ratio of 93.29, a P/E/G ratio of 1.07 and a beta of 3.23.

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

Insiders Place Their Bets

In other Credo Technology Group news, COO Yat Tung Lam sold 55,441 shares of the firm’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 owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,473 shares of the business’s stock in a transaction on Friday, July 31st. The stock was 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 approximately $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 a total of 435,076 shares of company stock worth $101,043,506 in the last ninety days. 11.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CRDO. Midwest Professional Planners LTD. purchased a new stake in Credo Technology Group during the 2nd quarter worth about $453,000. Rehmann Capital Advisory Group purchased a new position in shares of Credo Technology Group in the 2nd quarter valued at about $222,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Credo Technology Group in the 2nd quarter valued at about $218,000. Headlands Technologies LLC acquired a new position in shares of Credo Technology Group during the second quarter worth about $4,557,000. Finally, Ancora Advisors LLC grew its position in shares of Credo Technology Group by 324.0% during the second quarter. Ancora Advisors LLC now owns 2,120 shares of the company’s stock worth $577,000 after buying an additional 1,620 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Analysts continue to raise expectations. TD Cowen forecast substantial appreciation for CRDO, while broader Wall Street target increases reflect optimism about demand for high-speed connectivity products used in AI data centers. TD Cowen Forecasts Strong Price Appreciation for Credo Technology Group Credo Is Up 71% This Year and Wall Street Just Raised Its Targets Again
• Positive Sentiment: Growth prospects remain powerful. Coverage highlights potential fiscal 2027 revenue growth above 80%, expansion of Credo’s optical portfolio, and a new scale-up AI connectivity opportunity that could become more significant in fiscal 2028. The company’s latest reported quarter also showed 157% year-over-year revenue growth and an earnings beat. Credo Technology’s Scale-Up Push: Can it Drive Long-Term Growth?
• Neutral Sentiment: Investors are comparing CRDO with Astera Labs. Both companies benefit from AI connectivity demand, but the comparison emphasizes different growth drivers, including Astera’s Scorpio product ramp and Credo’s optical expansion. The analysis does not provide a clear standalone catalyst for CRDO. Credo vs. Astera Labs: Which AI Connectivity Stock Is the Better Buy?
• Negative Sentiment: Valuation and concentration concerns are weighing on sentiment. A Seeking Alpha analysis initiated a sell rating, arguing that CRDO’s valuation has advanced faster than its fundamentals. Other coverage warns that reliance on a limited number of hyperscaler customers could make the stock vulnerable if one major customer slows spending. Earlier weakness across AI and semiconductor stocks also demonstrated the risk of a broader sector pullback. Credo Technology: Valuation Has Run Ahead Of Fundamentals

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.