Mizuho Securities Reaffirms Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)

Business Insider

03-07-2025

In a report released today, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Credo Technology Group Holding Ltd, with a price target of $98.00. The company's shares closed today at $89.37.
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Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Nvidia. According to TipRanks, Rakesh has an average return of 16.2% and a 56.40% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credo Technology Group Holding Ltd with a $89.00 average price target, a -0.41% downside from current levels. In a report released on June 17, TD Cowen also reiterated a Buy rating on the stock with a $95.00 price target.
The company has a one-year high of $95.71 and a one-year low of $22.50. Currently, Credo Technology Group Holding Ltd has an average volume of 5.16M.
Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year. Last month, Lip Bu Tan, a Director at CRDO sold 92,248.00 shares for a total of $8,403,136.08.