Credo Technology Group’s (CRDO) “Neutral” Rating Reiterated at Rosenblatt Securities

Posted by Stanley Muller on Oct 18th, 2026

Rosenblatt Securities reaffirmed their neutral rating on shares of Credo Technology Group (NASDAQ:CRDO – Free Report) in a report published on Thursday,Benzinga reports. The firm currently has a $235.00 price objective on the stock.

A number of other brokerages have also commented on CRDO. Stifel Nicolaus decreased their price objective on shares of Credo Technology Group from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Susquehanna boosted their target price on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Weiss Ratings lowered shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Mizuho decreased their price target on shares of Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a research note on Monday, September 21st. Finally, Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $262.67.

Check Out Our Latest Analysis on CRDO

Credo Technology Group Stock Performance

Shares of CRDO opened at $169.70 on Thursday. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 60.39, a PEG ratio of 0.68 and a beta of 3.25. The stock has a fifty day moving average price of $204.44 and a two-hundred day moving average price of $204.83. Credo Technology Group has a 52-week low of $86.49 and a 52-week high of $308.67.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%. The company had revenue of $479.00 million during the quarter, compared to analyst estimates of $473.30 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 114.7% compared to the same quarter last year. As a group, research analysts predict that Credo Technology Group will post 5.02 EPS for the current fiscal year.

Insider Activity

In other Credo Technology Group news, CTO Chi Cheng sold 27,500 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total transaction of $5,310,800.00. Following the completion of the sale, the chief technology officer directly owned 5,689,897 shares of the company’s stock, valued at approximately $1,098,832,908.64. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 55,441 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the transaction, the chief operating officer owned 2,529,169 shares in the company, valued at approximately $538,763,580.38. The trade was a 2.15% 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. In the last quarter, insiders sold 468,786 shares of company stock worth $95,025,003. 9.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors and hedge funds have recently modified their holdings of the business. Reflection Asset Management bought a new position in Credo Technology Group in the fourth quarter valued at approximately $25,000. Orion Capital Management LLC bought a new position in shares of Credo Technology Group in the 2nd quarter worth $27,000. AlphaCentric Advisors LLC bought a new position in shares of Credo Technology Group in the 1st quarter worth $33,000. Burkett Financial Services LLC acquired a new stake in shares of Credo Technology Group during the third quarter worth $33,000. Finally, Western Wealth Management LLC acquired a new position in Credo Technology Group in the first quarter valued at about $38,000. 80.46% of the stock is owned by institutional investors.

More Credo Technology Group News

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

Positive Sentiment: Credo is starting a new optical connectivity standards group, an initiative that could help shape industry requirements and support adoption of its optical products across AI data centers. Credo starts optical connectivity standards group
Positive Sentiment: Recent coverage emphasizes Credo’s role in solving connectivity and reliability bottlenecks between processors in large AI clusters. Its high-speed connectivity products could become increasingly important as hyperscalers expand AI infrastructure. Credo AI connectivity outlook
Positive Sentiment: The company’s latest reported quarter showed revenue rising 114.7% year over year to $479 million, exceeding estimates, while EPS also beat expectations. This performance supports the bullish view that AI-related demand remains strong.
Neutral Sentiment: Rosenblatt reaffirmed a “Neutral” rating but raised its price target to $235, implying meaningful potential upside from recent levels. Broader analyst sentiment remains positive, although target-price reductions and comparisons with Arm and Coherent highlight valuation and execution risks.
Negative Sentiment: CRDO has been pressured alongside other AI infrastructure stocks by sector-wide profit-taking. With a premium earnings multiple, high volatility and reliance on major customers, the stock is particularly sensitive to changes in AI spending expectations.
Negative Sentiment: Director Pantas Sutardja sold approximately $326,819 of stock under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.03% of his holdings, limiting its significance, but insider selling may still weigh on investor sentiment. Credo director stock sale

About Credo Technology Group

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.