<div id="readability-page-1"><p><span>Credo Technology Group (NASDAQ:CRDO - Get Free Report)</span> had its target price reduced by investment analysts at Stifel Nicolaus  from $85.00 to $69.00 in a report issued on Thursday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 85.49% from the company's current price.</p><div><p><span></span><span>Get <strong>Credo Technology Group</strong> alerts:</span></p></div><ul><li>Credo Technology Stock is Rebounding </li></ul><p>Other analysts have also issued reports about the company. Barclays lifted their price target on Credo Technology Group from $80.00 to $90.00 and gave the stock an &#34;overweight&#34; rating in a research note on Friday, January 17th. The Goldman Sachs Group increased their price target on shares of Credo Technology Group from $65.00 to $84.00 and gave the company a &#34;buy&#34; rating in a research note on Friday, January 10th. Mizuho dropped their price objective on shares of Credo Technology Group from $90.00 to $82.00 and set an &#34;outperform&#34; rating for the company in a report on Thursday, April 3rd. Needham &amp; Company LLC  reaffirmed a &#34;buy&#34; rating and issued a $80.00 price target on shares of Credo Technology Group in a research report on Wednesday, March 5th. Finally, Bank of America reduced their price objective on shares of Credo Technology Group from $83.00 to $75.00 and set a &#34;buy&#34; rating on the stock in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a buy rating and one  has issued  a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Buy&#34; and a consensus price target of $73.50.</p><p><b>View Our Latest Stock Report on Credo Technology Group</b></p><h2>Credo Technology Group Price Performance</h2><p>Credo Technology Group stock opened at $37.20 on Thursday. The stock has a market capitalization of $6.32 billion, a PE ratio of -246.89 and a beta of 2.30. The business has a 50 day simple moving average of $50.13 and a 200-day simple moving average of $54.41. Credo Technology Group has a 12 month low of $16.82 and a 12 month high of $86.69. </p><h2>Insiders Place Their Bets</h2><p>In related news, Director Pantas Sutardja sold 1,875 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $66.96, for a total value of $125,550.00. Following the transaction, the director now owns 5,902,402 shares in the company, valued at approximately $395,224,837.92. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Laufman sold 8,000 shares of Credo Technology Group stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $39.09, for a total value of $312,720.00. Following the sale, the insider now owns 271,725 shares in the company, valued at $10,621,730.25. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 578,665 shares of company stock valued at $31,561,763 over the last quarter. Company insiders own  16.04% of the company's stock. </p><h2>Institutional Trading of Credo Technology Group</h2><p>Several institutional investors have recently added to or reduced their stakes in CRDO. Wealth Enhancement Advisory Services LLC bought a new position in shares of  Credo Technology Group during the first quarter worth about $301,000.  Handelsbanken Fonder AB boosted its holdings in shares of  Credo Technology Group by 7.3% in the 1st quarter. Handelsbanken Fonder AB now owns 35,400 shares of the company's stock valued at $1,422,000 after buying an additional 2,400 shares during the period.  GAMMA Investing LLC grew its position in shares of  Credo Technology Group by 103.5% during the first quarter. GAMMA Investing LLC now owns 1,982 shares of the company's stock worth $80,000 after acquiring an additional 1,008 shares during the last quarter.  Harbor Capital Advisors Inc. acquired a new position in  Credo Technology Group during the 1st quarter valued at about $1,759,000.  Finally, Kraematon Investment Advisors Inc. acquired a new stake in shares of  Credo Technology Group in the first quarter valued at approximately $389,000. 80.46% of the stock is owned by institutional investors and hedge funds. </p><h2>About Credo Technology Group</h2> (Get Free Report)<p>Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>What Do S&amp;P 500 Stocks Tell Investors About the Market? </li><li>Goldman Sachs Just Revealed What’s Next for Markets</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>Buy the Boeing Dip Even on Tariff and Bans?</li><li>Growth Stocks: What They Are, What They Are Not</li><li>3 High Short Interest Stocks Set to Pop After Tariff Fears Fade</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JETw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JETw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Credo Technology Group Right Now?</h2><p>Before you consider Credo Technology Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credo Technology Group wasn't on the list.</p><p>While Credo Technology Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CRDO

<p>Stifel Nicolaus has lowered its price target for Credo Technology Group (NASDAQ:CRDO) from $85.00 to $69.00 while maintaining a "buy" rating. This new target suggests an upside potential of 85.49% from the current price. Other analysts have varied opinions, with Barclays raising their target to $90.00 and Goldman Sachs to $84.00. The stock opened at $37.20, with a market cap of $6.32 billion. Insiders have sold shares recently, and institutional investors hold 80.46% of the stock.</p>

Credo Technology Group (NASDAQ:CRDO) Given New $69.00 Price Target at Stifel Nicolaus