Credo Technology Group (NASDAQ:CRDO) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Credo Technology Group (NASDAQ:CRDO) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Several other research analysts also recently issued reports on the company. Susquehanna cut their price objective on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research report on Tuesday, March 3rd. Roth Mkm cut their price objective on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Craig Hallum restated a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a research report on Friday, May 1st. They set a “buy” rating and a $206.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on Credo Technology Group in a report on Monday, April 13th. They issued a “buy” rating and a $175.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Credo Technology Group has an average rating of “Buy” and a consensus target price of $207.71.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $182.98 on Tuesday. Credo Technology Group has a 1 year low of $59.00 and a 1 year high of $213.80. The company has a market capitalization of $33.75 billion, a P/E ratio of 101.66 and a beta of 3.17. The business has a 50 day moving average price of $143.14 and a 200 day moving average price of $142.48.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. During the same period in the previous year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 201.5% compared to the same quarter last year. As a group, research analysts expect that Credo Technology Group will post 2.36 EPS for the current fiscal year.

Insider Activity at Credo Technology Group

In related news, CFO Daniel W. Fleming sold 7,580 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $152.63, for a total transaction of $1,156,935.40. Following the completion of the sale, the chief financial officer directly owned 433,678 shares of the company’s stock, valued at approximately $66,192,273.14. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $178.99, for a total transaction of $4,922,225.00. Following the sale, the chief technology officer directly owned 6,024,870 shares of the company’s stock, valued at approximately $1,078,391,481.30. This trade represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 386,608 shares of company stock valued at $50,371,351 over the last quarter. 11.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Credo Technology Group

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp purchased a new stake in Credo Technology Group during the 3rd quarter worth $25,000. Crewe Advisors LLC boosted its position in Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the period. Reflection Asset Management purchased a new stake in Credo Technology Group during the 4th quarter worth $25,000. Acumen Wealth Advisors LLC purchased a new stake in Credo Technology Group during the 4th quarter worth $25,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Credo Technology Group during the 4th quarter worth $32,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group News Roundup

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

• Positive Sentiment: Credo announced that CEO Bill Brennan and CFO Dan Fleming will present at upcoming investor conferences, which can increase visibility with institutional investors and keep attention on the stock. Credo to Present at Upcoming Investor Conferences
• Positive Sentiment: Credo also said it is working with Rebellions to improve operational efficiency in enterprise AI factories, reinforcing demand for its connectivity products in AI infrastructure. Credo and Rebellions Work Together to Maximize Operational Efficiency in Enterprise AI Factories
• Positive Sentiment: The stock is benefiting from renewed interest in AI data center connectivity and fresh analyst upgrades, which has helped offset a recent pullback and brought the valuation back into focus. A Look At Credo Technology Group Holding (CRDO) Valuation After AI Connectivity Interest And Analyst Upgrades
• Neutral Sentiment: Recent headlines also note that investors are positioning ahead of Credo’s upcoming Q4 and full-year 2026 earnings, suggesting the next catalyst will likely be the company’s results and guidance. Credo Technology (CRDO) Soars 8% as Investors Gear Up for Earnings
• Negative Sentiment: Some market commentary warned the recent selloff may reflect concerns about whether hyperscaler capex can justify Credo’s rich earnings multiple, which could limit upside if growth expectations cool. Buy, Sell or Hold Credo Technology After the Selloff to $150?

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.