Rosenblatt Securities Has Lowered Expectations for Credo Technology Group (NASDAQ:CRDO) Stock Price

Credo Technology Group (NASDAQ:CRDO) had its target price lowered by equities researchers at Rosenblatt Securities from $170.00 to $125.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 21.90% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. KGI Securities raised shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price target for the company in a research report on Tuesday, December 2nd. TD Cowen restated a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. The Goldman Sachs Group set a $165.00 price target on Credo Technology Group and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $206.33.

Credo Technology Group Trading Up 5.4%

CRDO opened at $102.54 on Tuesday. The business’s fifty day simple moving average is $131.11 and its 200-day simple moving average is $143.15. The company has a market capitalization of $18.52 billion, a price-to-earnings ratio of 56.97 and a beta of 2.67. 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 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 37.17% 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 company posted $0.25 earnings per share. The firm’s quarterly revenue was up 201.5% on a year-over-year basis. On average, equities research analysts predict that Credo Technology Group will post 0.13 EPS for the current year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the firm’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 completion of the transaction, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at approximately $289,855,606.32. This trade represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.70, for a total transaction of $9,608,500.00. Following the sale, the chief technology officer owned 6,613,961 shares of the company’s stock, valued at $1,155,458,986.70. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders 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.

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after purchasing an additional 589,151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Credo Technology Group by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after purchasing an additional 7,107 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Credo Technology Group by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 75,869 shares of the company’s stock worth $7,025,000 after purchasing an additional 11,233 shares during the last quarter. Finally, Keybank National Association OH acquired a new stake in shares of Credo Technology Group during the second quarter worth about $324,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

More Credo Technology Group News

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

• Positive Sentiment: Q3 earnings beat and raised revenue outlook: Credo reported record Q3 revenue (~$407M) and topped EPS/revenue estimates; management gave Q4 revenue guidance above Street consensus, supporting continued high growth expectations. CRDO Q3 Earnings Highlights
• Positive Sentiment: Product ramps and strategic deals: Credo highlighted accelerating ZeroFlap optics ramp, a TensorWave partnership and the CoMira acquisition — moves that expand its AI interconnect addressable market. These operational catalysts underpin bullish long‑term growth narratives. Credo & TensorWave Team Up
• Positive Sentiment: Analyst buy reiterations: Several firms (e.g., Needham, William Blair, BofA) reiterated Buy ratings or remained constructive, providing support for upside expectations despite some PT cuts. Wall Street Bullish on Credo
• Neutral Sentiment: Mixed price-target moves: Several firms adjusted targets — some trimming numbers (Susquehanna, Mizuho, Rosenblatt, Stifel) even while keeping positive/outperform stances. That yields divergent analyst views and wider modeled outcomes. Analysts Slash Forecasts
• Neutral Sentiment: Short-interest data appears noisy: recent feeds show zero or malformed short‑interest figures (likely a reporting/data issue) — not meaningful evidence of a short squeeze or new short pressure. (No reliable link available)
• Neutral Sentiment: Investor commentary split: multiple independent pieces frame the post‑earnings pullback as either a buying opportunity or a warning sign — reinforcing two‑sided sentiment that will amplify intraday moves. Pullback May Be The Opportunity
• Negative Sentiment: Post‑earnings sell‑off and margin/growth concerns: Despite the beat, shares fell sharply in post‑earnings trade as investors focused on guidance that implies lower gross margins and potential deceleration in AEC demand beyond FY26 — prompting fear that growth could slow into FY27. Beat, Raise, Drop 10%
• Negative Sentiment: Analysts trimming forecasts: several firms lowered targets/forecasts after the print, reflecting higher model uncertainty and pressuring near‑term sentiment. Analysts Slash Forecasts
• Negative Sentiment: Macro/sector volatility amplified the reaction: broader tech/A.I. swings (including geopolitical headlines and Nvidia‑led moves) increased risk‑off flows, magnifying Credo’s intraday volatility independent of fundamentals. Dow Jones Futures Fall
• Negative Sentiment: Customer concentration risk: commentary and transcripts note a high percentage of revenue from a few hyperscalers, which increases sensitivity to customer ordering patterns and can exacerbate perceived growth risk. Credo Expects >50% Revenue Growth

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.