Rosenblatt Securities Reiterates “Neutral” Rating for Credo Technology Group (NASDAQ:CRDO)

Credo Technology Group (NASDAQ:CRDO)‘s stock had its “neutral” rating restated by Rosenblatt Securities in a research note issued on Monday,Benzinga reports. They currently have a $125.00 price target on the stock. Rosenblatt Securities’ price objective points to a potential upside of 24.63% from the company’s current price.

CRDO has been the subject of a number of other research reports. Roth Mkm decreased their price objective on shares of 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. KGI Securities raised shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 target price on the stock in a report on Tuesday, December 2nd. The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays reiterated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Finally, Susquehanna dropped their price objective on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $206.33.

Credo Technology Group Stock Down 4.6%

Shares of Credo Technology Group stock opened at $100.30 on Monday. The stock has a market cap of $18.50 billion, a P/E ratio of 55.72 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. The business’s 50 day moving average is $121.05 and its 200-day moving average is $142.19.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results 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. The business had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm’s revenue was up 201.5% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. On average, sell-side analysts expect 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, Director Pantas Sutardja sold 1,875 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $128.67, for a total value of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares of the company’s stock, valued at $758,128,014.78. This represents a 0.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $107.90, for a total value of $2,967,250.00. Following the transaction, the chief technology officer owned 6,244,870 shares in the company, valued at $673,821,473. The trade was a 0.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 426,101 shares of company stock worth $56,010,645 in the last ninety days. 11.84% of the stock is owned by company insiders.

Institutional Trading of Credo Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of CRDO. Atlantic Union Bankshares Corp acquired a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC raised its position in shares of 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 buying an additional 106 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of Credo Technology Group in the fourth quarter valued at approximately $25,000. Acumen Wealth Advisors LLC bought a new stake in shares of Credo Technology Group in the fourth quarter valued at approximately $25,000. Finally, First Horizon Corp acquired a new stake in Credo Technology Group during the third quarter worth approximately $26,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Seeking Alpha publishes a bullish “Strong Buy” thesis citing CRDO’s Q3 2026 results (201% YoY revenue growth, margin expansion to ~37%), accelerating demand from hyperscalers for Credo’s energy‑efficient interconnects, and large upside potential. This kind of bullish fundamental write-up can support renewed investor interest and buying. Article Title
• Positive Sentiment: Zacks includes CRDO in a short list of “Top Ranked High Growth Stocks,” noting favorable growth forecasts and bullish earnings estimate revisions — a signal that some quant/retail investors may view the shares as a growth play worth owning. Article Title
• Neutral Sentiment: Comparative coverage (Zacks, Yahoo Finance) contrasts CRDO with Marvell (MRVL): both benefit from the AI/data‑center interconnect tailwind, but differ in scale, valuation and product strategy — useful context for investors weighing relative risk/return. Article Title Article Title
• Neutral Sentiment: Rosenblatt reaffirmed a “neutral” rating with a $125 price target — the rating itself is mixed, but the $125 PT implies material upside from current levels, which may cap downside for some investors while keeping others cautious. Article Title
• Neutral Sentiment: Coverage of Marvell expanding its connectivity portfolio is relevant competitive news; stronger product pushes from peers can influence relative valuation and investor preference between CRDO and MRVL. Article Title
• Negative Sentiment: Multiple feeds report a “large increase in short interest” for March, which would normally be bearish, but the published short‑interest figures in these entries show zero shares/NaN changes — a clear data inconsistency. If market participants treat the headlines at face value, perceived rising short interest can add selling pressure or volatility; however, the conflicting data reduce confidence in this signal.

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.