Credo Technology Group (NASDAQ:CRDO) Price Target Raised to $260.00

Posted by Stanley Muller on Jun 1st, 2026

Credo Technology Group (NASDAQ:CRDO – Get Free Report) had its price objective raised by investment analysts at Mizuho from $220.00 to $260.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 10.16% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CRDO. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Jefferies Financial Group assumed coverage on Credo Technology Group in a report on Monday, April 13th. They issued a “buy” rating and a $175.00 price objective on the stock. Craig Hallum reiterated a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Rosenblatt Securities lifted their price objective on Credo Technology Group from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Stifel Nicolaus set a $250.00 price objective on Credo Technology Group in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $214.18.

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Credo Technology Group Price Performance

NASDAQ:CRDO opened at $236.03 on Monday. Credo Technology Group has a 52 week low of $59.21 and a 52 week high of $240.81. The stock has a market capitalization of $43.54 billion, a PE ratio of 131.13 and a beta of 3.22. The stock’s 50-day moving average price is $158.17 and its 200-day moving average price is $144.80.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted 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 company had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. During the same period in the previous year, the firm posted $0.25 EPS. Credo Technology Group’s revenue was up 201.5% compared to the same quarter last year. Sell-side analysts expect that Credo Technology Group will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total value of $5,884,000.00. Following the transaction, the chief executive officer directly owned 1,782,502 shares of the company’s stock, valued at $209,764,835.36. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $117.60, for a total transaction of $3,234,000.00. Following the completion of the transaction, the chief technology officer directly owned 6,272,370 shares in the company, valued at $737,630,712. This trade represents a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 386,608 shares of company stock worth $50,371,351 over the last three months. Corporate insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

Several institutional investors have recently made changes to their positions in CRDO. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Credo Technology Group by 9.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock valued at $39,004,000 after buying an additional 23,332 shares during the last quarter. Optimize Financial Inc purchased a new position in Credo Technology Group during the third quarter worth about $1,431,000. M&T Bank Corp raised its holdings in Credo Technology Group by 428.8% during the fourth quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after purchasing an additional 10,888 shares in the last quarter. FengHe Fund Management Pte. Ltd. raised its holdings in Credo Technology Group by 5.7% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after purchasing an additional 8,769 shares in the last quarter. Finally, TD Asset Management Inc purchased a new position in Credo Technology Group during the third quarter worth about $17,454,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

About Credo Technology Group

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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.