Stifel Reiterates Buy Rating on Credo Technology Group
Stifel maintains a buy rating on Credo Technology Group, setting a price target of $350, a 30.12% upside from the current price.
Key Points
- Stifel reiterated its buy rating for Credo Technology Group (CRDO) with a price target of $350.
- Stifel's $350 price target implies 30.12% upside from Credo Technology Group Holding Ltd's ($CRDO) current $268.99 share price.
- Credo Technology Group's stock traded near $271.83 on Monday with a market cap of approximately $50.69 billion.
- Insider sales included transactions by the CTO and CEO, with Stifel and other analysts maintaining buy ratings.
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Stifel has reiterated its buy rating on Credo Technology Group Holding Ltd (NasdaqGS:CRDO), setting a price target of $350. This update came on June 22, 2026, as the semiconductor company continues to attract positive analyst attention.
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Credo Technology Group Holding Ltd Stock Up 15.6%
Shares of NasdaqGS:CRDO traded near $271.83 on Monday. Credo Technology Group has a market cap of about $50.69 billion, with a P/E ratio of 108.73 and a forward P/E of 31.28. The stock's 52-week range is between $81.72 and $274.90, and it has a beta of 3.229. The company's 50-day moving average is $197.33, while the 200-day moving average stands at $153.60. Credo's strong liquidity is reflected in its current ratio of 10.15 and quick ratio of 8.51, with 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 Group reported revenue of $1.34 billion, with a modest growth rate of 1.57%. The company's net margin is 35.37%, and it achieved 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
Recent insider activity at Credo Technology Group saw several executives selling shares. Cheng Chi Fung, the Chief Technology Officer, sold 27,500 shares at an average price of $246.69 on June 16, 2026, under a Rule 10b5-1 plan. On June 15, 2026, CEO William Joseph Brennan sold 7,500 shares. James Laufman, Chief Legal Officer, sold 5,000 shares at $264.49 on June 11, 2026. Additionally, CFO Daniel Fleming made two sales, one for 40,000 shares at $249.48 on June 11, 2026, under a planned sale, and another for 11,805 shares at $237.68 on June 10, 2026. Chief Operating Officer Lam Yat Tung sold 6,360 shares at $237.68 on June 10, 2026.
Analysts Set New Price Targets
On June 22, 2026, Stifel maintained its buy rating on Credo Technology Group with a $350 price target. On the same day, Evercore ISI Group initiated coverage with a buy rating and a $325 target. Earlier in June, Roth Capital, Jefferies, TD Cowen, Susquehanna, JP Morgan, and Mizuho all maintained buy ratings with targets ranging from $235 to $300. The consensus rating is a strong buy, with an average target price of about $256.30 from 18 analysts.
About Credo Technology Group
Credo Technology Group Holding Ltd is a semiconductor company based in Grand Cayman, Cayman Islands. It offers high-speed connectivity solutions for Ethernet and PCIe applications globally, including the U.S., Taiwan, and China. The company's products include ZeroFlap active electrical cables, optical transceivers, OmniConnect memory solutions, and integrated circuits. Founded in 2008, Credo is led by CEO William J. Brennan and employs around 807 people.
Bottom Line
Stifel's reiteration of a buy rating for Credo Technology Group, with a price target of $350, underscores the positive sentiment among analysts. The company's robust market position in the semiconductor industry, combined with solid financial metrics, makes it a stock to watch. As always, remember that analyst ratings are opinions and not guarantees of future performance.
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