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Mizuho Securities Reiterates Buy Rating on Credo Technology Group Holding Ltd with $135 Price Target
ByAinvest
Thursday, Aug 14, 2025 5:03 am ET1min read
Mizuho Securities analyst Vijay Rakesh maintains a Buy rating on Credo Technology Group Holding Ltd with a price target of $135.00. The analyst consensus is a Strong Buy with an average price target of $104.09, implying a -14.07% downside from current levels. The company has a one-year high of $125.44 and a one-year low of $24.08. Corporate insider sentiment is negative, with an increase in insiders selling their shares in June 2025.
Credo Technology Group Holding Ltd (CRDO) continues to attract significant attention from the financial community, with analysts maintaining a strong Buy rating despite mixed insider sentiment. Mizuho Securities analyst Vijay Rakesh recently affirmed his Buy rating with a price target of $135.00 [2], aligning with the overall consensus of a Strong Buy with an average price target of $104.09 [2]. This suggests a potential downside of -14.07% from current levels.The stock reached a one-year high of $125.44 and a one-year low of $24.08, reflecting its volatile performance. The recent earnings-driven rally has been notable, with a 5.74% surge on August 12, closing at $125.38 with a trading volume of $390M [1]. This was driven by strong Q2 earnings and a 179.6% revenue growth, but institutional ownership remains strong at 80.46% [1], while a beta of 2.59 and P/E ratio of 445.96 indicate elevated risk [1].
Corporate insider sentiment has been negative, with an increase in insiders selling their shares in June 2025. Representative Robert Bresnahan, for instance, sold shares worth up to $15,000 on March 4, 2025 [2]. Insiders have sold a significant number of shares, totaling $224,824,323 in the past 6 months [2].
Analysts have been upgrading their ratings, with 6 firms issuing Buy ratings and 0 issuing Sell ratings [2]. Despite these positive ratings, insider sales and the stock's high P/E ratio suggest caution. The stock's recent performance, driven by strong earnings, has been impressive, but the elevated risk and mixed insider sentiment warrant a balanced approach.
References:
[1] https://www.ainvest.com/news/credo-technology-surges-5-74-strong-earnings-modest-volume-ranking-276th-2508/
[2] https://www.quiverquant.com/news/Credo+Technology+Group+Holding+Ltd+Stock+%28CRDO%29+Opinions+on+AI+Infrastructure+Growth+and+PILOT+Platform+Launch
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