B of A Securities Reiterates Buy Rating on Credo Technology Group
B of A Securities maintains its buy rating on Credo Technology with a $340 target, a 26.85% upside from the current price.
Key Points
- On June 23, 2026, B of A Securities reiterated its buy rating on Credo Technology Group (CRDO) with a price target of $340.
- B of A Securities's $340 price target implies 26.85% upside from Credo Technology Group Holding Ltd's ($CRDO) current $268.03 share price.
- Credo Technology shares traded near $302.52 on Tuesday, with a market cap of $56.41 billion and a forward P/E of 34.19.
- Recent insider transactions involved planned sales by top executives, while analysts from firms like Stifel and Evercore also maintained buy ratings.
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On June 23, 2026, B of A Securities reiterated its buy rating on Credo Technology Group Holding Ltd (NasdaqGS: CRDO) with a price target of $340. Analyst Vivek Arya maintained the positive outlook on the company, suggesting continued confidence in its growth potential.
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Credo Technology Group Holding Ltd Stock Up 18.5%
Shares of NasdaqGS:CRDO traded near $302.52 on Tuesday. Credo Technology has a market cap of approximately $56.41 billion, a P/E ratio of 121.01, and a forward P/E of 34.19. The stock has seen a 52-week low of $81.72 and a high of $308.67. Its 50-day moving average is around $197.33, while the 200-day moving average is $153.60. The company boasts a strong current ratio of 10.15 and a quick ratio of 8.51, with a debt-to-equity ratio of 1.23.
$CRDO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Credo Technology reported revenue of $1.34 billion, with a modest growth rate of 1.57%. The company's net margin stands at 35.37%, and it has a return on equity of 34.41%. The next earnings report is anticipated on September 2, 2026.
Insider Buying and Selling at Credo Technology Group Holding Ltd
Recent insider activity at Credo Technology Group includes several planned sales. On June 16, 2026, Chief Technology Officer Cheng Chi Fung sold 27,500 shares at an average price of $246.69. President and CEO William J. Brennan sold 7,500 shares on June 15, 2026. Chief Legal Officer James Laufman and Chief Financial Officer Daniel Fleming also made sales on June 11, 2026.
Analysts Set New Price Targets
On June 23, 2026, B of A Securities maintained its buy rating for Credo Technology with a $340 price target. The day before, Stifel reiterated its buy rating with a $350 target, while Evercore ISI Group initiated coverage with a buy rating and a $325 target. The consensus among 18 analysts is a strong buy, with an average price target of $256.30.
About Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd, based in Grand Cayman, Cayman Islands, operates in the semiconductor industry. The company focuses on high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. It offers products like ZeroFlap active electrical cables, optical transceivers, and OmniConnect memory solutions. Credo also provides retimers, DSPs, and SerDes IP licensing. Led by CEO William J. Brennan, the firm employs approximately 807 people.
Bottom Line
B of A Securities' reiteration of a buy rating with a $340 target reflects continued confidence in Credo Technology's market position. Investors and analysts are closely watching the company's performance, especially with its upcoming earnings report in September. This latest analyst activity highlights the ongoing interest in Credo's growth potential in the semiconductor sector.
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