Mizuho Cuts Credo Technology Group (NASDAQ:CRDO) Price Target to $200.00

Credo Technology Group (NASDAQ:CRDO) had its target price decreased by Mizuho from $225.00 to $200.00 in a research report report published on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Roth Mkm cut their target price on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. New Street Research set a $240.00 target price on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, KGI Securities raised Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective on the stock in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $206.33.

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $114.74 on Tuesday. Credo Technology Group has a 52 week low of $29.09 and a 52 week high of $213.80. The stock has a market capitalization of $21.16 billion, a P/E ratio of 63.74 and a beta of 2.67. The stock has a fifty day moving average of $130.40 and a 200-day moving average of $142.96.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same period last year, the firm posted $0.25 earnings per share. Credo Technology Group’s revenue was up 201.5% compared to the same quarter last year. On average, research analysts forecast that Credo Technology Group will post 0.13 earnings per share for the current year.

Insider Transactions at Credo Technology Group

In related news, CEO William Joseph Brennan sold 50,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $153.16, for a total value of $7,658,000.00. Following the sale, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at $289,855,606.32. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.70, for a total value of $9,608,500.00. Following the transaction, the chief technology officer directly owned 6,613,961 shares of the company’s stock, valued at approximately $1,155,458,986.70. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 916,101 shares of company stock worth $136,220,453. Company insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CRDO. Reflection Asset Management bought a new stake in Credo Technology Group in the fourth quarter valued at approximately $25,000. Clearwave Capital LLC acquired a new position in shares of Credo Technology Group in the 4th quarter worth approximately $708,000. BDFS Capital LLC acquired a new position in shares of Credo Technology Group in the 4th quarter worth approximately $775,000. Sit Investment Associates Inc. bought a new stake in shares of Credo Technology Group in the 4th quarter valued at $1,163,000. Finally, Mariner Investment Group LLC bought a new stake in shares of Credo Technology Group in the 4th quarter valued at $288,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Credo Technology Group News Roundup

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

• Positive Sentiment: Strategic M&A and partnerships broaden Credo’s AI connectivity footprint — the CoMira acquisition plus a collaboration with TensorWave add IP and go‑to‑market support for advanced AI rack architectures, strengthening Credo’s addressable market in AI data centers. Credo Deepens AI Data Center Role With CoMira Deal And TensorWave Tie Up
• Positive Sentiment: Sector tailwind: Broadcom’s public preference for copper interconnects in AI racks benefits Credo’s copper-centric connectivity product roadmap and helped lift sentiment across similar suppliers. Credo Shares Jump 10% as Broadcom Backs Copper Over Optical Tech
• Positive Sentiment: Fundamentals and estimates are moving upward — Credo recently reported better‑than‑expected EPS and revenue, and analysts have been revising earnings estimates higher, supporting further upside potential. Earnings Estimates Rising for Credo Technology Group (CRDO)
• Positive Sentiment: Wall Street bullishness and upside targets: the average analyst price target implies large upside, and several firms have reiterated buys — this drives interest and momentum among growth investors. Wall Street Analysts See a 95.05% Upside in Credo Technology Group (CRDO)
• Neutral Sentiment: Short-interest reporting in feeds shows odd/zero values and appears unreliable right now; no clear short‑pressure signal can be drawn from the published short‑interest lines.
• Negative Sentiment: Some sell‑side pushback: a cluster of firms (Rosenblatt, Susquehanna, Mizuho and others) have lowered expectations or issued downgrades recently, which earlier triggered a sharp pullback in the stock and keeps near‑term sentiment bifurcated. Rosenblatt Has Lowered Expectations for Credo Technology Group
• Negative Sentiment: Analyst fair‑value/tone adjustments: at least one note trimmed assessed fair value for CRDO, reflecting sector multiple resets and the need to calibrate valuation after recent rallies — a headwind for further multiple expansion. How The Credo Technology Group Holding (CRDO) Story Is Shifting After Recent Analyst Revisions

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.