Credo receives Buy rating due to its edge in data centers: Goldman Sachs
Goldman Sachs initiated coverage on Credo Technology (CRDO) with a Buy rating, citing the company's strong position in high-speed connectivity solutions for data centers. The firm set a 12-month price target of $175 for Credo's stock.
Strong outlook and PCIe certification keep Credo Technology Group Holding Ltd (CRDO) in focus
The article highlights Credo Technology Group Holding Ltd (CRDO) due to its strong market outlook and significant achievement of PCIe 6.0 PHY IP certification. This certification is crucial for next-generation data center interconnectivity and AI workloads. The positive developments coincide with an increased price target from TD Cowen and positive insider transactions.
Goldman Sachs Optimistic on Credo Technology's Future
Goldman Sachs has initiated coverage on Credo Technology (CRDO) with a "Buy" rating and a 12-month price target of $165, signaling a 29% upside. This optimism is driven by strong market demand for high-speed connectivity in AI data centers, Credo's technological advantage with its Active Electrical Cables, and its strategic diversification into optical solutions. Analyst James Schneider highlights Credo's solid market potential and believes its technology will remain mainstream for at least five years.
Goldman Sachs initiates Credo Technology stock coverage with buy rating
Goldman Sachs has initiated coverage on Credo Technology Group Holding Ltd. (NASDAQ:CRDO) with a Buy rating and a price target of $165, suggesting a 27% upside from its current trading price of $127.91. The firm highlights Credo's high-speed wired connectivity products for data centers, particularly its Active Electrical Cables, which offer cost-effective, high-bandwidth solutions. This positive outlook is further supported by Credo's strong revenue growth and healthy financial score, along with recent impressive preliminary Q3 fiscal year 2026 revenue expectations.
PCIe 6.0 Retimer Win And Revenue Guidance Boost Could Be A Game Changer For Credo (CRDO)
Credo Technology Group Holding Ltd. (CRDO) recently achieved PCI-SIG compliance for its Toucan PCIe retimer, confirming interoperability for PCIe 6.0, and significantly raised its Q3 fiscal 2026 revenue guidance to between US$404 million and US$408 million. This positive news highlights the company's strong alignment with the ongoing AI data center build-outs and the demand for high-speed connectivity. While this reinforces Credo's position in the hyperscale market, it also emphasizes the risk associated with its dependence on a few large cloud customers.
PCIe 6.0 Retimer Win And Revenue Guidance Boost Could Be A Game Changer For Credo (CRDO)
Credo Technology Group Holding Ltd. (CRDO) recently achieved PCI-SIG compliance for its Toucan PCIe retimer and significantly raised its Q3 fiscal 2026 revenue guidance to between US$404 million and US$408 million. This positive development reinforces Credo's position in the high-speed connectivity market driven by AI data center build-outs, yet investors should also consider the risk of high customer concentration. The news, coupled with strong growth expectations, suggests a potential reshaping of Credo's investment narrative.
Duan Yongping Backs Credo As PCIe 6.0 And Valuation Signals Diverge
Billionaire investor Duan Yongping's hedge fund has increased its stake in Credo Technology Group Holding (NasdaqGS:CRDO) following Credo's announcement that its Toucan PCIe retimer is compliant with the PCIe 6.0 standard. This move highlights Credo's crucial role in high-speed connectivity solutions for data centers and AI infrastructure, attracting attention from institutions focused on the AI and high-performance computing sectors. Despite this positive development, Credo's shares are trading significantly above their estimated fair value and have experienced recent price volatility.
TimesSquare Capital Management LLC Sells 102,700 Shares of Credo Technology Group Holding Ltd. $CRDO
TimesSquare Capital Management LLC reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 29.1% in Q3, selling 102,700 shares, but still holds 250,300 shares valued at approximately $36.45 million. The company has seen significant insider selling, with 917,976 shares worth $136.57 million sold in the last three months, though insiders still own 11.84% of the stock. Credo Technology Group recently surpassed Q3 earnings and revenue estimates and holds an average analyst rating of "Moderate Buy" with a target price of $212.69.
Credo Technology Recasts Itself Around AI Data Center Connectivity Growth
Credo Technology Group Holding is repositioning itself as a key AI data center connectivity provider, introducing new high-speed products and updating revenue guidance which projects over 200% year-on-year growth driven by AI infrastructure demand. The company's stock has seen significant gains, reflecting the market's re-evaluation of Credo as a core AI infrastructure supplier rather than a niche IP licensor. Despite strong growth prospects, investors are advised to consider risks such as concentrated exposure to a few hyperscale customers and past insider selling.
Oppenheimer Asset Management Inc. Makes New Investment in Credo Technology Group Holding Ltd. $CRDO
Oppenheimer Asset Management Inc. recently acquired 11,161 shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the third quarter, valued at approximately $1.63 million. This new investment comes as several other major institutional investors, including Vanguard and JPMorgan Chase, also increased their holdings in Credo Technology Group. Despite significant insider selling totaling over $136 million, analysts maintain a "Moderate Buy" rating for CRDO, with a consensus price target of $212.69, following strong quarterly earnings that surpassed estimates.
Strong Outlook and PCIe Certification Keep Credo Technology Group Holding Ltd (CRDO) in Focus
Credo Technology Group Holding Ltd (CRDO) is highlighted for its strong financial outlook, with expected Q3 revenue significantly exceeding guidance and projections for substantial year-over-year growth into fiscal 2027. The company also received PCI-SIG compliance certification for its Toucan PCIe retimer, validating its adherence to industry standards for PCIe 6.0 technology. Needham reiterated its Buy rating on CRDO, affirming it as a top pick for 2026 due to strong execution and demand for its AEC products.
ProShare Advisors LLC Has $5.72 Million Stock Holdings in Credo Technology Group Holding Ltd. $CRDO
ProShare Advisors LLC significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 30.6%, now holding shares valued at $5.72 million. This comes as Credo reported strong Q3 earnings, exceeding revenue and EPS expectations with substantial year-over-year growth. Despite a bullish Wall Street sentiment with a consensus target price of $212.69, insider selling and a high P/E ratio suggest potential short-term pullback risks for the stock.
Roth Capital Cuts TP on Credo Technology (CRDO) to $200
Roth Capital lowered its target price for Credo Technology (CRDO) to $200 from $250 but maintained a Buy rating, citing broader negative sentiment in the tech sector despite the company's strong Q3-FY2026 earnings preview and positive Q4 guidance. Credo Technology's revenue forecast exceeded expectations due to increasing unit demand and higher prices for its high-speed connectivity products. Despite this positive outlook, the stock has experienced a year-to-date decline attributed by analysts to wider sector movements.
Why Credo Technology Group (CRDO) is Poised to Beat Earnings Estimates Again
Credo Technology Group (CRDO) is expected to beat its upcoming earnings estimates, extending a streak of significant surprises. The company has a strong Zacks Rank #1 (Strong Buy) and a positive Earnings ESP of +13.27%, indicating analysts are bullish on its near-term earnings potential. Investors are encouraged to monitor CRDO's next earnings report, anticipated on March 2, 2026, as these factors suggest a high probability of another positive surprise.
Stratos Wealth Partners LTD. Has $11.13 Million Stock Holdings in Credo Technology Group Holding Ltd. $CRDO
Stratos Wealth Partners LTD. significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 61.9%, bringing its total holdings to $11.13 million. This increase comes amidst strong Q3 financial results for Credo, with revenue up 272% year-over-year and EPS beating estimates, largely driven by AI/data-center demand. However, company insiders have been net sellers, and the stock's high valuation and volatility are noted concerns despite positive analyst upgrades and increased price targets.
Credo Technology Group (CRDO) Is Up 21.0% After Strong AI Revenue Update And PCIe 6.0 Milestone
Credo Technology Group (CRDO) experienced a 21.0% increase after announcing strong third-quarter fiscal 2026 revenue of US$404 million to US$408 million and raising full-year guidance, driven by surging demand for its AI-focused high-speed connectivity products. The company also achieved PCI-SIG compliance for its Toucan PCIe 6.0-capable retimer, validating its role in next-generation AI and data center architectures. This positive update suggests a reshaping of Credo's investment narrative, emphasizing its critical position in the AI-driven data center upgrade cycle.
Credo Technology Group (CRDO) Is Up 21.0% After Strong AI Revenue Update And PCIe 6.0 Milestone
Credo Technology Group (CRDO) experienced a 21.0% stock price increase following a preannounced strong third-quarter fiscal 2026 revenue of US$404 million to US$408 million, driven by surging demand for its AI-focused high-speed connectivity products. The company also achieved PCI-SIG compliance for its Toucan PCIe 6.0-capable retimer, solidifying its role in next-generation AI and data center architectures. While future forecasts project significant revenue and earnings growth, investor caution remains due to customer concentration and the potential for market expectations to outpace fundamentals.
Credo's Earnings Set To Ignite Rally (Preview) (NASDAQ:CRDO)
Credo Technology Group remains a Buy due to accelerating business momentum driven by robust AI data center demand and a diversified connectivity platform. The company has raised its Q3 FY2026 revenue guidance to over 200% Y/Y growth and projects FY2027 revenue near $2B with 45% net margins. Despite recent fears, Credo's Advanced End-point Controllers (AECs) are considered essential for inter-rack connectivity, preserving its expanding Total Addressable Market (TAM), with a valuation model suggesting 38% upside over the next year.
Credo Technology (CRDO) Climbs 9% as Firm Eyes ‘More-Than-Triple’ Revenue Growth in Next 2 Years
Credo Technology Group Holding Ltd (CRDO) saw its stock climb 9.16% on optimistic revenue growth projections, targeting more than a triple increase in the next two years, driven by demand from the AI sector. The company also announced preliminary Q3 earnings estimates exceeding previous guidance and achieved PCI-SIG compliance for its PCIe 6.0 technology-capable product.
A Glimpse Into The Expert Outlook On Credo Technology Group Through 8 Analysts
Eight analysts have provided ratings for Credo Technology Group (NASDAQ: CRDO) over the past three months, with an average price target of $218.12, marking a 15.23% increase from the prior average. The company shows strong financial performance with impressive revenue growth, high net margin, and effective asset and equity utilization, alongside conservative debt management. These metrics, combined with analyst insights, suggest a positive market position for Credo Technology Group.
Credo Technology Group Stock Gains 9% Over PCI-SIG Compliance And Q3 Prelim. Revenue
Credo Technology Group's stock (CRDO) surged by 9% after its Toucan PCIe retimer achieved PCI-SIG compliance at 32.0 GT/s. The company also reported preliminary third-quarter revenue estimates between $404 million and $408 million, exceeding its previously projected range. This positive news contributed to significant gains, with the stock trading at $134.74.
Credo Is No Longer Just A Cable Story - Earnings Preview (NASDAQ:CRDO)
Credo Technology Group Holding Ltd (CRDO) is expected to show strong preliminary Q3 revenue, positioning it for growth in the AI-driven data center market. The company's leadership in AECs, expansion into new growth pillars, and the launch of its Blue Heron 224G retimer are key drivers. Risks include revenue concentration among hyperscalers and intense competition from industry giants like Marvell and Broadcom.
Credo Technology Group Holding Ltd. $CRDO Holdings Boosted by Allianz Asset Management GmbH
Allianz Asset Management GmbH significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by over 2,000%, bringing its total shares to 57,389 worth $8.36 million. Despite strong institutional buying, corporate insiders have been net sellers, with the CEO and CTO selling a combined 105,000 shares recently. Credo reported strong quarterly results, beating EPS estimates by $0.18 and achieving significant revenue growth, leading analysts to maintain a "Moderate Buy" rating with an average target price of $212.69.
Industry Analysts Just Made A Substantial Upgrade To Their Credo Technology Group Holding Ltd (NASDAQ:CRDO) Revenue Forecasts
Industry analysts have significantly upgraded their revenue forecasts for Credo Technology Group Holding Ltd (NASDAQ:CRDO) for 2026, increasing estimates to US$1.3 billion from US$1.2 billion. This reflects a projected 66% growth in sales compared to the previous year, notably faster than the company's historical growth and the wider industry. Despite the optimistic revenue outlook, the consensus price target remains unchanged, suggesting caution around earnings quality according to the analysts.
S&P 500 Futures Climb in Premarket Trading; Credo Tech Group, Spotify Technology Lead
S&P 500 futures are climbing in premarket trading. Credo Technology Group (CRDO) is up 18.2% and Spotify Technology (SPOT) is up 11.2% ahead of the U.S. stock market open.
Why Is Credo Technology Stock Soaring Tuesday?
Credo Technology Group's stock is surging in Tuesday's premarket trading after the company announced significantly higher preliminary revenue results for the third quarter of fiscal 2026, exceeding prior guidance. The company anticipates over 200% year-over-year revenue growth for the current fiscal year, with further details expected during its earnings call on March 2, 2026. Despite a premium valuation and mixed momentum indicators, analysts have a "Buy" rating on the stock with an average price target offering a 19% upside.
The Backbone of AI: A Comprehensive Research Feature on Credo Technology Group (CRDO)
Credo Technology Group (CRDO) has transitioned from an IP provider to a key architect of AI data centers, specializing in high-speed, low-power connectivity solutions like Active Electrical Cables (AECs) and optical DSPs. The company has seen significant financial growth, with revenue surging over 126% in FY2025 and projections of exceeding $1.2 billion in FY2026, driven by the demand for 800G and 1.6T networking in AI infrastructure. Despite risks like customer concentration, Credo's innovations and strong market position make it a crucial infrastructure play in the ongoing AI revolution.
The Backbone of AI: A Comprehensive Research Feature on Credo Technology Group (CRDO)
Credo Technology Group (CRDO) has transitioned from an IP provider to a key player in AI data center connectivity, specializing in high-speed, low-power solutions like Active Electrical Cables (AEC) and Optical DSPs. The company has seen significant financial growth, driven by the increasing demands of AI infrastructure, particularly as the industry moves towards 1.6T networking. Despite risks like customer concentration, Credo's innovative products and strong management position it as a significant growth stock in the AI sector.
Credo Technology Preannounces Strong Q3 Revenue Beat Beyond Expectations
Credo Technology (CRDO) preannounced Q3 fiscal 2026 revenue of $404-408 million, significantly exceeding prior guidance and analyst consensus due to strong demand for AI data infrastructure solutions. The company also raised its full-year fiscal 2026 revenue growth outlook to over 200% year-over-year. Full Q3 financial results and further guidance are expected on March 2, 2026.
Credo expects over 200% revenue growth for fiscal 2026
Credo Technology Group Holding Ltd (Nasdaq: CRDO) announced preliminary revenue results for the third quarter of fiscal year 2026, expecting to report between $404 million and $408 million, exceeding previous guidance. The company also updated its revenue guidance for the fourth quarter, anticipating mid-single-digit sequential growth that will lead to over 200% year-over-year growth for the fiscal year. Credo will hold a conference call on March 2, 2026, to discuss its full financial results for the quarter ended January 31, 2026.
Credo Technology’s AI Advancement Strengthens Market Position
Credo Technology Group Holding Ltd (NASDAQ: CRDO) saw its stock rise by 10.78% following strong quarterly earnings and advancements in AI technology, including its new Blue Heron retimer. A strategic patent licensing agreement with 3M also boosted investor confidence, though analysts note potential challenges in the competitive AI data center market. The company's robust financial health and diversified revenue streams position it for continued growth and market interest.
Credo Technology Unveils Blue Heron AI Retimer, Stock Movement Expected
Credo Technology Group Holding Ltd. (NASDAQ: CRDO) saw its stock rise by 11.25% following the unveiling of its new Blue Heron AI retimer, designed to enhance AI network connectivity and efficiency. The company also entered a patent licensing deal with 3M for active electrical cable technology, indicating strategic partnerships. While investors are optimistic about Credo's market position, the article advises caution due to anticipated increased competition in the 400G, 800G, and AI connectivity markets.
Assessing Credo Technology Group Holding (CRDO) Valuation After AI Growth Momentum And Blue Heron Launch
Credo Technology Group Holding (CRDO) recently launched its Blue Heron 224G AI scale-up retimer, a multiprotocol chip designed for demanding AI data center connectivity. Despite a recent share price decline, the stock shows strong long-term gains, prompting a reassessment of its valuation. While some narratives suggest CRDO is 48% undervalued based on aggressive growth forecasts, simpler P/E ratios indicate it may be expensive compared to industry averages.
Credo Technology Slips 32% in a Month: Hold the Stock or Cut Losses?
Credo Technology (CRDO) stock has suffered a significant 32% decline in the past month, sparking investor concern despite its strategic relevance in AI-driven data center connectivity solutions. The company's focus on high-performance solutions like Active Electrical Cables (AECs) and IC portfolios positions it for long-term growth, along with strengthening profitability and a healthy balance sheet. However, risks such as customer concentration, delayed revenue generation from new pillars, rising operating expenses, and fierce competition from industry giants like Broadcom and Marvell Technology suggest a "Hold" rating for the stock, advising investors to await a favorable entry point or retain current positions.
Truist Financial Corp Grows Stock Holdings in Credo Technology Group Holding Ltd. $CRDO
Truist Financial Corp significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 420.5% in the third quarter, now owning 18,452 shares valued at approximately $2.69 million. This increase comes alongside strong earnings reported by Credo, beating analyst estimates, and a "Moderate Buy" consensus rating from analysts, despite a high valuation and recent insider share sales. Other large institutions like JPMorgan Chase & Co. and Alliancebernstein L.P. have also increased their holdings in Credo Technology Group.
Bessemer Group Inc. Raises Holdings in Credo Technology Group Holding Ltd. $CRDO
Bessemer Group Inc. significantly increased its stake in Credo Technology Group Holding Ltd. by over 58,000%, now owning 125,188 shares valued at $18.23 million. Other institutional investors also adjusted their positions in CRDO, which has a "Moderate Buy" consensus rating and a $216.54 average price target. Despite recent insider selling, Credo Technology Group, a fabless semiconductor company, reported strong Q3 earnings, beating EPS estimates and seeing substantial revenue growth.
Credo Technology Slips 32% in a Month: Hold the Stock or Cut Losses?
Credo Technology (CRDO) stock has declined 31.9% in the past month, raising investor concerns despite the company's strong position in AI-driven semiconductor solutions. The company's focus on high-performance connectivity, improving profitability, and robust balance sheet suggest potential for long-term growth, even with risks like customer concentration and stiff competition. Analysts recommend holding the stock, advising new investors to wait for a better entry point.
Credo’s Blue Heron Retimer Targets Key AI Data Center Bottlenecks
Credo Technology Group Holding (NasdaqGS:CRDO) has launched its Blue Heron 224G AI scale-up retimer, designed to extend cable and backplane reach in AI infrastructure, specifically for connections between GPUs and switch ICs. This product addresses the challenge of maintaining signal integrity over longer copper links in dense AI data centers, offering an alternative to more costly optical solutions. The success of Blue Heron will depend on its adoption by hyperscalers and its ability to compete with other connectivity providers, playing a key role in Credo's positioning within the evolving AI infrastructure market.
First Week of March 27th Options Trading For Credo Technology Group Holding (CRDO)
Credo Technology Group Holding (CRDO) has new options available for the March 27th expiration. Analysts identified a $105.00 strike price put contract and a $110.00 strike price call contract with favorable potential returns for investors. These options provide strategies for investors looking to either acquire CRDO shares at a discount or generate income through covered calls.
Is Credo (CRDO) Quietly Redefining Its Moat Around AI Data Center Connectivity?
Credo Technology Group Holding (CRDO) recently launched its Blue Heron 224G AI scale-up retimer and secured a patent license agreement with 3M, strengthening its position in AI data center connectivity. The company aims to be a core infrastructure provider for hyperscale AI workloads, focusing on power-efficient SerDes, retimers, and active electrical cables. Despite a premium valuation and competitive risks, Credo's new offerings broaden its product stack for critical AI infrastructure.
Penserra Capital Management LLC Sells 104,314 Shares of Credo Technology Group Holding Ltd. $CRDO
Penserra Capital Management LLC significantly reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 57.7% in the third quarter, selling 104,314 shares. The institutional investor now holds 76,573 shares valued at approximately $11.15 million. This divestment occurred amidst heavy insider selling in December, where key executives like CEO William Brennan and COO Yat Tung Lam offloaded substantial shares, totaling about $136.6 million over the last 90 days, despite the company beating its quarterly earnings estimates.
Optimize Financial Inc Invests $1.43 Million in Credo Technology Group Holding Ltd. $CRDO
Optimize Financial Inc. has acquired a new stake of 9,830 shares in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) worth approximately $1.43 million. Despite Credo beating Q3 earnings estimates with $0.67 EPS and revenue of $268.03 million, its stock fell 7.2% and trades at a high valuation. A notable amount of insider selling, including by the CEO, CTO, and a director, has negatively impacted sentiment, although analysts still maintain a "Moderate Buy" consensus.
Credo Technology Group (NASDAQ:CRDO) Trading Down 7.2% Following Insider Selling
Credo Technology Group (NASDAQ:CRDO) shares fell 7.2% after key insiders, including CEO William Brennan and director Pantas Sutardja, disclosed significant stock sales. Despite the sell-off, analysts largely maintain a bullish stance, with a consensus "Buy" rating and an average price target of $216.54. The company recently surpassed quarterly EPS estimates and saw a 272% year-over-year revenue increase, with positive sentiment driven by new product sampling for AI and deepened AI partnerships.
Credo Targets Scale-Up Networking Market With Blue Heron Retimer
Credo Technology Group (CRDO) has launched the Blue Heron 224G AI scale-up retimer, aiming to capture a share of the rapidly growing AI-interconnect market, which analysts estimate could reach over $40 billion by 2030. This new solution is built on a 3nm process and designed to support multiple protocols while enabling full recovery of 224G links, enhancing Credo's exposure to AI-driven demand. The article also compares Credo's offerings and market position with competitors like Marvell Technology and Astera Labs in the high-speed connectivity and retimer space.
Credo Targets Scale-Up Networking Market With Blue Heron Retimer
Credo Technology Group is expanding its presence in the AI-interconnect market with the introduction of its Blue Heron 224G AI scale-up retimer, a solution designed for high-speed networking and AI applications. This new product positions Credo to capture a significant share of the rapidly growing scale-up networking market, which analysts predict could reach over $40 billion by 2030. The company also highlights other multi-billion-dollar opportunities in its portfolio, including Zero-Flap optics and OmniConnect gearboxes.
Credo Technology’s AI Interconnect Push Meets Rich Valuation And Risk Flags
Credo Technology Group Holding introduced its Blue Heron 224G AI scale-up retimer and secured a patent licensing agreement with 3M, strengthening its position in high-bandwidth AI interconnects. Despite these advancements, the stock is flagged for rich valuation (81.1% above estimated fair value) and risks like high non-cash earnings and recent insider selling. Investors are advised to consider these risks against the growth story in AI infrastructure.
Credo Technology Group (NASDAQ:CRDO) Stock Price Down 4.2% After Insider Selling
Credo Technology Group (NASDAQ:CRDO) experienced a 4.2% stock price drop following significant insider selling by CEO William J. Brennan ($8.685M) and Director Pantas Sutardja (~$241K). Despite these sales, Wall Street analysts maintain a largely bullish outlook for CRDO, with an average price target of $216.54 and recent target increases from multiple firms. The company reported a strong past quarter, exceeding EPS and revenue expectations.
Credo Technology’s AI Interconnect Push Meets Rich Valuation And Risk Flags
Credo Technology Group Holding has introduced its Blue Heron 224G AI scale-up retimer and entered a patent licensing agreement with 3M, strengthening its position in high-speed AI interconnects. While these developments are positive for its role in AI infrastructure, Simply Wall St identifies a rich valuation with the stock trading 81.1% above estimated fair value, alongside risks like high non-cash earnings and recent insider selling. Investors are advised to watch revenue, margins, and the P/E ratio, and consider these risks against the growth story.
Insider Selling: Credo Technology Group (NASDAQ:CRDO) Director Sells 1,875 Shares of Stock
Credo Technology Group (NASDAQ:CRDO) Director Pantas Sutardja sold 1,875 shares of the company's stock on January 30th at an average price of $128.67, totaling over $241,000. This sale represents a 0.03% reduction in his stock ownership, leaving him with 5,892,034 shares valued at approximately $758 million. Despite the insider selling, analysts maintain a "Buy" rating for CRDO with a consensus price target of $216.54, after the company recently beat earnings expectations.
Credo Technology Group Holding Ltd. $CRDO Shares Bought by New York State Common Retirement Fund
New York State Common Retirement Fund significantly increased its stake in Credo Technology Group (NASDAQ:CRDO) during Q3, purchasing over 75,000 shares. Other institutional investors also boosted their holdings, pushing institutional ownership to over 80%. Despite recent insider selling, analysts maintain a "Buy" rating, with an average target price of $216.54.
