Evercore ISI Reiterates Buy on Credo Technology Group
Evercore ISI reiterated its buy rating on Credo Technology with a $325 target, a 20.82% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating on Credo Technology Group Holding Ltd (CRDO) with a new price target of $325 on June 22, 2026.
- Evercore ISI Group's $325 price target implies 20.82% upside from Credo Technology Group Holding Ltd's ($CRDO) current $268.99 share price.
- Shares of NasdaqGS:CRDO traded near $271.83 on Monday, with a market cap of $50.69 billion and a forward P/E ratio of 31.28.
- Several insiders, including the CEO, sold shares in June, while analysts from firms like Roth Capital maintained buy ratings.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Evercore ISI Group reiterated its buy rating for Credo Technology Group Holding Ltd (NASDAQ: CRDO) on June 22, 2026. The firm set a price target of $325, signaling confidence in the company's future performance.
Evercore ISI Group vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Credo Technology Group Holding Ltd Stock Up 15.6%
Shares of NasdaqGS:CRDO traded near $271.83 on Monday. Credo Technology boasts a substantial market cap of approximately $50.69 billion. The company's forward P/E ratio stands at 31.28, reflecting investor expectations for future earnings growth. The stock has experienced a 52-week low of $81.72 and a high of $274.9. Key financial ratios include a current ratio of 10.153, a quick ratio of 8.507, and a debt-to-equity ratio of 1.233.
$CRDO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Credo Technology reported revenue of about $1.34 billion, with a modest growth rate of 1.57%. The company achieved a net margin of 35.37% and a return on equity of 34.41%. The next earnings report is expected on September 2, 2026.
Insider Buying and Selling at Credo Technology Group Holding Ltd
Several insider transactions occurred in June. On June 16, Cheng Chi Fung, the Chief Technology Officer, sold 27,500 shares at an average price of $246.69 under a Rule 10b5-1 plan. President and CEO William J. Brennan sold 7,500 shares on June 15. Additionally, Chief Legal Officer James Laufman sold 5,000 shares at $264.49 on June 11, while CFO Daniel Fleming sold 40,000 shares at an average price of $249.48 on the same day under a planned sale.
Analysts Set New Price Targets
On June 22, Evercore ISI Group reiterated its buy rating with a $325 price target. Earlier in June, Roth Capital, Jefferies, and several other firms maintained their buy ratings with price targets ranging from $235 to $300. The consensus among 18 analysts is a strong buy, with a mean target price of $256.30.
About Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd, based in Grand Cayman, Cayman Islands, specializes in high-speed connectivity solutions for Ethernet and PCIe applications. It provides a wide range of products, including active electrical cables, optical transceivers, and integrated circuits. The company serves markets in the United States, Taiwan, Mainland China, and beyond. Founded in 2008, Credo Technology employs over 800 people and is led by CEO William J. Brennan.
Bottom Line
Evercore ISI's reiterated buy rating and raised price target for Credo Technology highlight ongoing analyst confidence in the company's growth prospects. With a robust market cap and solid financial metrics, Credo Technology remains a closely watched player in the semiconductor industry. Investors should note that analyst ratings are based on past performance and projections, and actual results may vary.
Get Credo Technology Group Holding Ltd alerts
New 13F filings, insider trades, and analyst moves on $CRDO, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.