Susquehanna Lowers Credo Technology Group (NASDAQ:CRDO) Price Target to $170.00

Credo Technology Group (NASDAQ:CRDO) had its target price reduced by research analysts at Susquehanna from $230.00 to $170.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 48.84% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Wolfe Research set a $240.00 price objective on Credo Technology Group in a report on Tuesday, December 2nd. Mizuho cut their target price on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday. TD Cowen reissued a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. Finally, Barclays restated an “overweight” rating and issued a $260.00 price target on shares of Credo Technology Group in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.93.

Credo Technology Group Trading Up 1.7%

NASDAQ:CRDO opened at $114.22 on Tuesday. The firm has a market cap of $20.63 billion, a P/E ratio of 100.19 and a beta of 2.67. The stock’s 50 day simple moving average is $133.07 and its 200-day simple moving average is $143.58. Credo Technology Group has a 12-month low of $29.09 and a 12-month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. The company’s revenue for the quarter was up 201.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Research analysts forecast that Credo Technology Group will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $127.37, for a total transaction of $3,502,675.00. Following the completion of the transaction, the chief technology officer owned 6,299,870 shares of the company’s stock, valued at $802,414,441.90. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pantas Sutardja sold 1,875 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $128.67, for a total transaction of $241,256.25. Following the completion of the sale, the director directly owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. The trade was a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 917,976 shares of company stock valued at $136,567,647 in the last three months. 11.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Crewe Advisors LLC increased its stake in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. Reflection Asset Management purchased a new stake in shares of Credo Technology Group during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth $25,000. Acumen Wealth Advisors LLC acquired a new position in Credo Technology Group in the fourth quarter valued at $25,000. Finally, First Horizon Corp acquired a new position in Credo Technology Group in the third quarter valued at $26,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo posted a big beat for Q3 FY2026: $1.07 EPS (vs. ~$0.78 est.) and $407.0M revenue, up 201.5% year-over-year and a 52% sequential increase — a clear operational outperformance that supports the company’s growth story. Q3 Results
• Positive Sentiment: Management updated FYQ4 revenue guidance to $425M–$435M vs. consensus ~$416.3M — another beat on near-term revenue expectations that signals sustained demand. (Guidance release tied to the earnings report.)
• Positive Sentiment: Company projects >50% revenue growth for fiscal 2027 and acceleration of its ZeroFlap optics ramp — positive for long-term AI-infrastructure positioning if execution continues. Growth Guidance
• Positive Sentiment: Needham reaffirmed a “buy” with a $220 target (large upside from current levels), signaling continued analyst conviction among some houses. Needham Reaffirmation
• Neutral Sentiment: Mizuho trimmed its price target from $225 to $200 but kept an “outperform” rating — a modest tone-down of optimism but still a bullish stance. Mizuho Note
• Neutral Sentiment: Stifel also cut its target (to $200) while maintaining a Buy rating — analysts are scaling back targets after the run-up but largely retain positive views. Stifel Coverage
• Negative Sentiment: Rosenblatt sharply cut its target from $170 to $125 and moved to a “neutral” rating — reduces near-term upside implied by some broker analyses and may pressure sentiment. Rosenblatt Lowering
• Negative Sentiment: Despite the beat, shares slipped in after-hours and into premarket trading — partly driven by analyst target trims and broader market weakness tied to geopolitical headlines (U.S.-Iran tensions). Market Context
• Negative Sentiment: Valuation and execution risk: CRDO trades at a high P/E (~100) and needs sustained execution on ZeroFlap and AI-infra growth to justify the premium — any execution slip or macro sell-off could prompt sharper declines.

About Credo Technology Group

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.