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Credo Technology Group Holding Ltd (CRDO): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Wed Mar 4, 6:30AM CST

Stifel Nicolaus analyst Tore Svanberg reiterated a Buy rating on Credo Technology Group Holding Ltd today and set a price target of $200.00.

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According to TipRanks, Svanberg is a 5-star analyst with an average return of 23.8% and a 62.98% success rate. Svanberg covers the Technology sector, focusing on stocks such as Texas Instruments, Cirrus Logic, and Microchip.

In addition to Stifel Nicolaus, Credo Technology Group Holding Ltd also received a Buy from Needham’s Quinn Bolton in a report issued today. However, on the same day, Rosenblatt Securities maintained a Hold rating on Credo Technology Group Holding Ltd (NASDAQ: CRDO).

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Based on Credo Technology Group Holding Ltd’s latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $268.03 million and a net profit of $82.64 million. In comparison, last year the company earned a revenue of $72.03 million and had a GAAP net loss of $4.23 million

Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year. Most recently, in January 2026, SYLVIA ACEVEDO, a Director at CRDO sold 2,200.00 shares for a total of $350,196.00.

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