Credo Technology Group ($CRDO) Stock Forecast: Up 5.2% Today

What is Credo Technology Group?

Credo Technology Group (CRDO) specializes in high-speed connectivity solutions for data centers, AI, and cloud computing. The stock experienced a significant bullish movement today.

Why is Credo Technology Group going up?

CRDO stock is up 5.2% on Jun 24, 2025 13:51

• CRDO's impressive revenue growth and the expansion of its AI-focused product lines have attracted investor attention, resulting in a bullish trend in the stock.
• The company's strategic positioning to benefit from the growth in data centers and cloud computing, as well as its consistent surpassing of EPS expectations, have contributed to the positive market performance.
• Noteworthy investors adopting a bullish stance on CRDO, as seen in the options trading patterns, have also influenced the upward movement of the stock price.
• In general, the optimistic outlook on CRDO's business prospects and investor trust in its potential for growth have driven the stock to a robust bullish trajectory.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

CRDO vs. MRVL: Which AI Connectivity Stock Has More Upside?

CRDO's explosive revenue growth and expanding AI-focused product lines spark investor interest over MRVL.

https://www.zacks.com/stock/news/2514870/crdo-vs-mrvl-which-ai-connectivity-stock-has-more-upside

Bull of the Day: Credo Technology Group ( CRDO )

Credo Technology Group is strategically positioned to capitalize on the explosive growth in data centers, AI, and cloud computing. With its crucial high-speed connectivity solutions, cash-rich clients, and tendency to beat EPS expectations, CRDO presents a compelling opportunity.

https://www.zacks.com/commentary/2507482/bull-of-the-day-credo-technology-group-crdo

Unpacking the Latest Options Trading Trends in Credo Technology Group - Credo Technology Group ( NASDAQ:CRDO )

High-rolling investors have positioned themselves bullish on Credo Technology Group CRDO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data.

https://www.benzinga.com/insights/options/25/06/45979910/unpacking-the-latest-options-trading-trends-in-credo-technology-group

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Credo Technology Group Price History

04.05.2025 - CRDO Stock was down 7.0%

• The company posted impressive financial results for the fourth quarter of fiscal 2025, surpassing revenue expectations.
• Multiple analysts increased their price targets for CRDO following the strong quarterly performance.
• Despite the upbeat earnings, a shift in market sentiment possibly triggered the stock's decline.
• The increase in AI demand and robust product sales driving the company's earnings may have been overshadowed by broader market worries, leading to the stock's downward movement.

04.05.2025 - CRDO Stock was up 6.4%

• CRDO experienced a strong bullish movement today.
• The surge in CRDO's stock price can be attributed to the company beating fourth-quarter earnings and revenue estimates, leading to several analysts raising price targets.
• The positive quarterly results, fueled by surging AI demand and booming product sales, have boosted investor confidence in CRDO's growth prospects.
• The overall bullish sentiment in the market towards AI infrastructure stocks, as highlighted by recent performances, has also contributed to CRDO's upward momentum.

18.05.2025 - CRDO Stock was up 5.8%

• CRDO stock showed a bullish movement today, likely influenced by various factors:
• The company's focus on serving data centers, AI, and cloud computing positions it well to tap into high-demand sectors in the current market.
• Notable investors have taken optimistic positions on CRDO, signaling faith in the company's future.
• CRDO's revenue guidance exceeding $800 million in FY26 highlights robust growth potential and stable business performance, bolstering investor confidence.
• The occurrence of a golden cross event in the stock may have also played a part in heightening investor interest and fostering a positive market outlook for CRDO.

30.04.2025 - CRDO Stock was down 5.2%

• CRDO stock has increased by 24% in the past 3 months, although today's bearish movement could suggest a change in investor sentiment.
• The upcoming Q4 earnings report on June 2 is possibly causing uncertainty and caution among investors.
• The company's high valuation and possible customer risks might be factors influencing today's bearish trend.

11.05.2025 - CRDO Stock was up 5.3%

• A 7.26% decrease in short interest signifies growing investor confidence in CRDO's performance.
• CRDO's positive momentum, marked by a 19.69% one-week increase, reflects strong buying interest in the stock.
• The rise in CRDO's shares, attributed to AI technology and optimistic guidance, has drawn investors seeking growth opportunities.
• Encouraging earnings estimate revisions and a 50% stock increase over a month point towards a favorable outlook for CRDO, potentially fueling further price appreciation.

19.04.2025 - CRDO Stock was up 5.0%

• The recent increase in short interest for CRDO indicates a growing number of investors betting against the stock.
• The rise in short percent of float suggests a potential short squeeze scenario, where short sellers rush to cover their positions, driving the stock price higher.
• This increased short interest could have triggered a short squeeze, leading to a surge in buying activity and pushing CRDO's stock price up significantly.
• The bullish movement in CRDO today may be a result of short sellers closing their positions, causing a rapid increase in demand for the stock.

10.05.2025 - CRDO Stock was down 6.2%

• Despite positive earnings estimate revisions, CRDO experienced a significant bearish movement.
• The stock had previously shown a notable 50% increase in a month attributed to AI-driven growth and optimistic guidance, signifying promising outlook.
• The market sentiment towards AI infra stocks, including CRDO, was favorable, with companies in this sector witnessing substantial growth.
• The bearish movement in CRDO today could be linked to profit-taking or broader market conditions, despite its evident growth potential.

10.05.2025 - CRDO Stock was down 5.6%

• The recent strong bearish movement in CRDO could be attributed to profit-taking by investors after the stock surged 50% in a month.
• Despite the positive AI-driven growth and upbeat guidance, the stock may have been overbought, leading to a correction.
• The decrease in short interest could indicate that some investors are less confident in the stock's short-term performance, contributing to the bearish movement.
• The overall market sentiment towards tech stocks, as indicated by the surge in AI infra plays like CRDO, may have also influenced the bearish movement as investors may have rotated out of high-flying tech stocks.

03.05.2025 - CRDO Stock was up 13.4%

• Today, CRDO stock showed a notable increase in value.
• The rise in CRDO's stock price is linked to the company outperforming expectations for both fourth-quarter earnings and revenue. Consequently, many analysts have raised their price projections.
• Strong financial performance in Q4 and for the full year 2025, bolstered by a surge in demand for AI technology and a significant quarterly revenue increase due to a rise in product sales, has caused a positive shift in investor outlook towards CRDO.
• The company's favorable financial outcomes and surpassing analyst predictions have driven CRDO's stock to reach unprecedented levels, underscoring the market's confidence in the company's future growth potential.

03.05.2025 - CRDO Stock was up 20.8%

• Recent financial reports for Q4 and FY25 show a 179.7% increase in quarterly revenue, largely propelled by rising demand for AI solutions.
• Analysts have expressed confidence in CRDO's performance, noting that earnings exceeded expectations by 29.63% and revenue by 6.27%.
• Investors have responded favorably to CRDO's strong Q4 results, reflecting belief in the company's potential for expansion.
• The upward movement in CRDO's stock price appears to be influenced by the company's strong financial figures and optimistic growth outlook.

03.05.2025 - CRDO Stock was up 29.7%

• CRDO experienced a strong bullish movement today following its Q4 earnings performance.
• The company delivered earnings and revenue surprises, surpassing analyst estimates by a significant margin.
• Market reaction to CRDO's robust financial performance led to an increase in the stock price.
• Investors show optimism about CRDO's future outlook, despite concerns related to its high valuation and potential customer risks.

24.05.2025 - CRDO Stock was up 5.2%

• CRDO's impressive revenue growth and the expansion of its AI-focused product lines have attracted investor attention, resulting in a bullish trend in the stock.
• The company's strategic positioning to benefit from the growth in data centers and cloud computing, as well as its consistent surpassing of EPS expectations, have contributed to the positive market performance.
• Noteworthy investors adopting a bullish stance on CRDO, as seen in the options trading patterns, have also influenced the upward movement of the stock price.
• In general, the optimistic outlook on CRDO's business prospects and investor trust in its potential for growth have driven the stock to a robust bullish trajectory.