Credo Technology Group Receives Neutral Rating Amid Market Strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 21 Jan 26
Source: Newsfilter
Credo Technology Group Holding Ltd's stock fell 5.91% as it crossed below the 20-day SMA, reflecting a challenging trading session.
Rosenblatt analyst Mike Genovese initiated coverage on Credo Technology with a Neutral rating and a price target of $170, indicating potential upside from the current price of $153.22. This cautious outlook comes amid strong performance in the broader market, with the Nasdaq-100 up 1.33% and the S&P 500 up 1.08%, suggesting sector rotation may be influencing Credo's stock movement despite overall market strength.
The implications of this rating suggest that while there is potential for growth, investors should remain cautious given the current market dynamics and the stock's recent performance.
Analyst Views on CRDO
Wall Street analysts forecast CRDO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRDO is 219.44 USD with a low forecast of 165.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
12 Buy
0 Hold
0 Sell
Strong Buy
Current: 129.660
Low
165.00
Averages
219.44
High
250.00
Current: 129.660
Low
165.00
Averages
219.44
High
250.00
About CRDO
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
