Recent Investment Analysts’ Ratings Changes for Credo Technology Group (CRDO)

Several brokerages have updated their recommendations and price targets on shares of Credo Technology Group (NASDAQ: CRDO) in the last few weeks:

• 6/3/2025 – Credo Technology Group had its price target raised by analysts at Susquehanna from $60.00 to $90.00. They now have a “positive” rating on the stock.
• 6/3/2025 – Credo Technology Group had its price target raised by analysts at Barclays PLC from $70.00 to $85.00. They now have an “overweight” rating on the stock.
• 6/3/2025 – Credo Technology Group had its price target raised by analysts at Stifel Nicolaus from $69.00 to $80.00. They now have a “buy” rating on the stock.
• 6/3/2025 – Credo Technology Group had its price target raised by analysts at TD Cowen from $50.00 to $85.00. They now have a “buy” rating on the stock.
• 6/3/2025 – Credo Technology Group had its price target raised by analysts at Needham & Company LLC from $80.00 to $85.00. They now have a “buy” rating on the stock.
• 4/22/2025 – Credo Technology Group had its price target lowered by analysts at Barclays PLC from $90.00 to $70.00. They now have an “overweight” rating on the stock.
• 4/17/2025 – Credo Technology Group had its price target lowered by analysts at Stifel Nicolaus from $85.00 to $69.00. They now have a “buy” rating on the stock.

Credo Technology Group Trading Up 14.8%

Shares of Credo Technology Group stock opened at $71.92 on Wednesday. The firm has a market capitalization of $12.21 billion, a P/E ratio of -479.47 and a beta of 2.29. The business’s fifty day simple moving average is $48.23 and its 200 day simple moving average is $57.80. Credo Technology Group Holding Ltd has a 12 month low of $22.50 and a 12 month high of $86.69.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, June 2nd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Credo Technology Group had a negative net margin of 9.70% and a negative return on equity of 2.94%. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $159.59 million. During the same period in the previous year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 179.6% on a year-over-year basis. Analysts predict that Credo Technology Group Holding Ltd will post 0.13 EPS for the current fiscal year.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $48.02, for a total transaction of $2,641,100.00. Following the sale, the chief technology officer now directly owns 7,663,602 shares of the company’s stock, valued at $368,006,168.04. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $46.01, for a total transaction of $86,268.75. Following the completion of the transaction, the director now owns 5,900,527 shares of the company’s stock, valued at $271,483,247.27. The trade was a 0.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 473,665 shares of company stock worth $19,795,531. 16.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Credo Technology Group by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,142,773 shares of the company’s stock worth $404,797,000 after purchasing an additional 909,578 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Credo Technology Group by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 3,315,482 shares of the company’s stock valued at $222,884,000 after buying an additional 138,686 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Credo Technology Group by 6.1% in the first quarter. Alliancebernstein L.P. now owns 1,846,387 shares of the company’s stock worth $74,151,000 after buying an additional 105,405 shares in the last quarter. Norges Bank bought a new position in shares of Credo Technology Group in the fourth quarter valued at approximately $117,242,000. Finally, Ameriprise Financial Inc. grew its stake in Credo Technology Group by 49.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,643,560 shares of the company’s stock valued at $110,482,000 after acquiring an additional 543,940 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.