Credo Technology Group (NASDAQ:CRDO) Price Target Raised to $350.00 at Stifel Nicolaus

Posted by Francis Steltz on Jun 22nd, 2026

Credo Technology Group (NASDAQ:CRDO – Get Free Report) had its price objective hoisted by investment analysts at Stifel Nicolaus from $250.00 to $350.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 28.76% from the company’s previous close.

Other analysts also recently issued reports about the company. Needham & Company LLC upped their price objective on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $250.00 target price on shares of Credo Technology Group in a research report on Tuesday, June 2nd. Mizuho increased their target price on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Susquehanna raised their price target on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $254.29.

Check Out Our Latest Analysis on CRDO

Credo Technology Group Stock Performance

NASDAQ CRDO opened at $271.83 on Monday. The firm has a market cap of $50.69 billion, a PE ratio of 109.61, a P/E/G ratio of 1.43 and a beta of 3.22. Credo Technology Group has a one year low of $81.72 and a one year high of $274.90. The firm’s fifty day moving average is $199.85 and its two-hundred day moving average is $154.04.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 157.0% compared to the same quarter last year. Research analysts predict that Credo Technology Group will post 4.84 earnings per share for the current year.

Insider Transactions at Credo Technology Group

In related news, CFO Daniel W. Fleming sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the sale, the chief financial officer owned 501,873 shares of the company’s stock, valued at approximately $125,207,276.04. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $246.69, for a total transaction of $6,783,975.00. Following the transaction, the chief technology officer owned 5,964,870 shares in the company, valued at $1,471,473,780.30. The trade was a 0.46% 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. Over the last three months, insiders have sold 416,884 shares of company stock valued at $72,809,943. 11.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crewe Advisors LLC boosted its position in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares in the last quarter. Reflection Asset Management purchased a new position in shares of Credo Technology Group in the fourth quarter valued at $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group during the 4th quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Credo Technology Group during the 4th quarter worth $32,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Credo Technology Group in the 1st quarter worth about $33,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

About Credo Technology Group

(Get Free Report)

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.