Credo Technology Group (CRDO) News Today

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares have risen, driven by a stream of bullish analyst actions, strong quarterly results and raised guidance. Investors are reacting to multiple price‐target upgrades, better‐than‐expected revenue growth, and reaffirmed buy ratings from leading firms.

• Positive Sentiment: Mizuho boosted its price target on CRDO from $135.00 to $155.00 and maintained an “outperform” rating, implying about 14.8% upside. Benzinga
• Positive Sentiment: Susquehanna raised its target from $115.00 to $165.00 and assigned a “positive” rating, suggesting roughly 22.2% upside. Benzinga
• Positive Sentiment: TD Cowen increased its price target from $140.00 to $160.00 and reiterated a “buy” rating, indicating 18.5% potential gains. Benzinga
• Positive Sentiment: Needham & Company lifted its target from $85.00 to $150.00 and upheld a “buy” rating, reflecting about 11.1% upside. Benzinga Briefing.com Automated Import
• Positive Sentiment: Stifel Nicolaus upped its target from $115.00 to $130.00 and reiterated a “buy” rating. MarketBeat
• Positive Sentiment: Q1 results showed a 273.6% year-over-year revenue jump and an EPS beat, fueling a 13% share increase on strong product growth and hyperscaler partnerships. Zacks
• Positive Sentiment: Management raised Q2 2026 revenue guidance to $230M–$240M versus a $198.5M consensus, highlighting continued momentum. Press Release
• Positive Sentiment: Analysts at TipRanks and Craig-Hallum reiterated buy ratings, underscoring confidence in CRDO’s market position and long-term growth prospects. TipRanks The Globe and Mail
• Neutral Sentiment: Options activity suggests an anticipated ~14% share‐price swing following earnings, reflecting increased volatility expectations. MSN
• Negative Sentiment: One report noted Q1 EPS of $0.34 missed the $0.36 consensus by $0.02, a slight earnings shortfall amid strong top‐line growth. MarketBeat