Roth MKM analyst Sujeeva De Silva maintained a Buy rating on Credo Technology Group Holding Ltd (CRDO – Research Report) yesterday and set a price target of $80.00. The company’s shares closed yesterday at $54.32.

According to TipRanks, De Silva is a 5-star analyst with an average return of 20.3% and a 50.91% success rate. De Silva covers the Technology sector, focusing on stocks such as ACM Research, ON Semiconductor, and Pixelworks.

Currently, the analyst consensus on Credo Technology Group Holding Ltd is a Strong Buy with an average price target of $84.83.

Based on Credo Technology Group Holding Ltd’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $72.03 million and a GAAP net loss of $4.23 million. In comparison, last year the company earned a revenue of $44.04 million and had a GAAP net loss of $6.62 million

Based on the recent corporate insider activity of 140 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. Most recently, in January 2025, Lip Bu Tan, a Director at CRDO sold 150,000.00 shares for a total of $10,903,093.64.