Credo Technology Group ($CRDO) Stock Forecast: Down 8.9% Today

What is Credo Technology Group?

Credo Technology Group Holding Ltd. (NASDAQ: CRDO) is focused on the AI-interconnect market and recently launched the Blue Heron 224G AI scale-up retimer to target the expanding market.

Why is Credo Technology Group going down?

CRDO stock is down 8.9% on Feb 4, 2026 18:26

• Despite surpassing Q3 earnings estimates and demonstrating robust revenue growth, CRDO's stock saw a 7.2% decrease following significant insider selling by key individuals like the CEO and director, impacting investor sentiment negatively.
• The release of the Blue Heron 224G AI scale-up retimer is positioning CRDO favorably in the AI-interconnect market, which is anticipated to grow substantially in the future, offering potential for further expansion.
• Analysts upholding a "Buy" rating and an optimistic outlook on CRDO's potential suggest that the stock movement could be a short-term response to the insider selling rather than an indicator of the company's long-term viability.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Optimize Financial Inc Invests $1.43 Million in Credo Technology Group Holding Ltd. $CRDO

Optimize Financial Inc. has acquired a new stake of 9,830 shares in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) worth approximately $1.43 million. Despite Credo beating Q3 earnings estimates with $0.67 EPS and revenue of $268.03 million, its stock fell 7.2% and trades at a high valuation. A notable amount of insider selling, including by the CEO, CTO, and a director, has negatively impacted sentiment, although analysts still maintain a "Moderate Buy" consensus.

https://www.marketbeat.com/instant-alerts/filing-optimize-financial-inc-invests-143-million-in-credo-technology-group-holding-ltd-crdo-2026-02-04/

Credo Technology Group (NASDAQ:CRDO) Trading Down 7.2% Following Insider Selling

Credo Technology Group (NASDAQ:CRDO) shares fell 7.2% after key insiders, including CEO William Brennan and director Pantas Sutardja, disclosed significant stock sales. Despite the sell-off, analysts largely maintain a bullish stance, with a consensus "Buy" rating and an average price target of $216.54. The company recently surpassed quarterly EPS estimates and saw a 272% year-over-year revenue increase, with positive sentiment driven by new product sampling for AI and deepened AI partnerships.

https://www.marketbeat.com/instant-alerts/credo-technology-group-nasdaqcrdo-trading-down-72-following-insider-selling-2026-02-03/

Credo Targets Scale-Up Networking Market With Blue Heron Retimer

Credo Technology Group (CRDO) has launched the Blue Heron 224G AI scale-up retimer, aiming to capture a share of the rapidly growing AI-interconnect market, which analysts estimate could reach over $40 billion by 2030. This new solution is built on a 3nm process and designed to support multiple protocols while enabling full recovery of 224G links, enhancing Credo's exposure to AI-driven demand. The article also compares Credo's offerings and market position with competitors like Marvell Technology and Astera Labs in the high-speed connectivity and retimer space.

https://au.finance.yahoo.com/news/credo-targets-scale-networking-market-140300984.html

Credo Targets Scale-Up Networking Market With Blue Heron Retimer

Credo Technology Group is expanding its presence in the AI-interconnect market with the introduction of its Blue Heron 224G AI scale-up retimer, a solution designed for high-speed networking and AI applications. This new product positions Credo to capture a significant share of the rapidly growing scale-up networking market, which analysts predict could reach over $40 billion by 2030. The company also highlights other multi-billion-dollar opportunities in its portfolio, including Zero-Flap optics and OmniConnect gearboxes.

https://www.tradingview.com/news/zacks:6cad620b7094b:0-credo-targets-scale-up-networking-market-with-blue-heron-retimer/

Credo Targets Scale-Up Networking Market With Blue Heron Retimer

CRDO targets the AI scale-up networking market with its Blue Heron 224G retimer, built on 3nm and sampling now ahead of expected Q3 2026 production.

https://www.zacks.com/stock/news/2827733/credo-targets-scale-up-networking-market-with-blue-heron-retimer

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Credo Technology Group Price History

22.00.2026 - CRDO Stock was down 7.3%

• The stock witnessed a 9.2% decrease initially, followed by a 5.5% decline, attributed to insider selling by the CTO and a director, despite surpassing revenue and EPS estimates in the latest quarterly report.
• Analysts uphold a "Buy" consensus, setting a target price of $216.54, reflecting a positive long-term outlook despite the insider selling activity.
• A "neutral" rating and a $170 price target by Rosenblatt Securities, upon initiating coverage, may have influenced the negative sentiment, though the general analyst consensus remains optimistic.
• While Credo's technology is deemed essential for AI data center connectivity, concerns regarding meeting revenue targets, maintaining margins, and competitive pressures might have impacted the stock price, contributing to the recent bearish movement.

20.00.2026 - CRDO Stock was up 5.1%

• CRDO's recent bullish performance is supported by its new growth initiatives, solid financial position, and increased earnings forecasts, leading to a "Strong Buy" recommendation by Zacks.
• Despite significant insider sales by the CEO and COO, industry analysts and institutional investors maintain an optimistic view on CRDO, with a favorable target price and consistent "Buy" recommendations.
• The purchase of CRDO's shares by Franchise Capital Ltd and positive earnings surprises have bolstered investor trust, contributing to a rise in the stock price.
• The different actions taken by insiders and institutional investors, together with stock reductions by Concurrent Investment Advisors LLC, introduce an intriguing element to the overall positive sentiment surrounding CRDO.

20.00.2026 - CRDO Stock was up 5.1%

• CRDO's strong bullish movement today can be attributed to its impressive Q2 FY26 performance, with a 272% year-over-year revenue increase, fueled by record execution in core businesses and the expansion of connectivity solutions.
• The company's positive growth outlook, new growth pillars, and upwardly revised earnings estimates have positioned CRDO favorably compared to its competitors, leading to a "Strong Buy" rating by a reputable financial analysis firm.
• Despite substantial insider selling by key executives and institutional investors acquiring shares, the market remains bullish on CRDO, supported by strong earnings beats and analyst expectations.
• The overall market sentiment towards CRDO is optimistic, with analysts maintaining a bullish outlook and a target price of $220.42, reflecting confidence in the company's growth trajectory.

04.01.2026 - CRDO Stock was down 8.4%

• The bearish movement in CRDO stock today can be attributed to key insiders, including the CEO and a director, disclosing significant stock sales, leading to a loss of investor confidence.
• Despite positive quarterly earnings and a substantial year-over-year revenue increase, concerns over insider selling and a rich valuation have weighed on the stock price.
• The launch of the Blue Heron 224G AI scale-up retimer aimed at capturing a share of the growing AI-interconnect market was overshadowed by valuation concerns and risks highlighted in recent discussions.
• Analysts maintaining a bullish stance on the stock with a consensus "Buy" rating and positive sentiment from new product offerings may help support the stock price in the near term, but investors are advised to monitor insider activities and valuation metrics closely.

04.01.2026 - CRDO Stock was down 8.9%

• Despite surpassing Q3 earnings estimates and demonstrating robust revenue growth, CRDO's stock saw a 7.2% decrease following significant insider selling by key individuals like the CEO and director, impacting investor sentiment negatively.
• The release of the Blue Heron 224G AI scale-up retimer is positioning CRDO favorably in the AI-interconnect market, which is anticipated to grow substantially in the future, offering potential for further expansion.
• Analysts upholding a "Buy" rating and an optimistic outlook on CRDO's potential suggest that the stock movement could be a short-term response to the insider selling rather than an indicator of the company's long-term viability.

03.01.2026 - CRDO Stock was down 8.1%

• Today's downturn in CRDO stock is linked to significant insider selling by CEO William J. Brennan and Director Pantas Sutardja, causing a dip in investor confidence.
• Aside from insider selling, the stock was already under scrutiny for its high valuation and risks associated with excessive non-cash earnings, potentially adding to the stock's downward momentum.
• Although institutional investors increased their holdings in CRDO during Q3, this positive development was overshadowed by insider selling, leading to a mixed sentiment in the market.
• Despite the recent challenges, market sentiment towards CRDO remains relatively positive, with analysts maintaining a "Buy" rating and an average price target of $216.54, hinting at a possible recovery if the selling pressure eases.

21.00.2026 - CRDO Stock was down 6.3%

• Despite receiving a Neutral rating from Rosenblatt, CRDO is expected to see substantial growth and increased adoption among hyperscalers, according to other analysts.
• The bearish movement in the stock may be linked to insider selling by the company's CTO, despite strong quarterly earnings and a consensus "Buy" rating from analysts.
• The company achieved significant revenue growth in FY26 fueled by its core businesses and connectivity solutions, however, this was unable to counteract the negative market sentiment observed today.
• CRDO surpassed a key growth stock screen and is preferred over competitors such as Astera Labs. Nonetheless, the stock's high valuation and recent insider selling could have unsettled investors, contributing to the downward movement in its stock price.

21.00.2026 - CRDO Stock was down 12.8%

• The stock price of CRDO dropped by 5.5% due to notable insider selling activities, with the CTO and a Director selling significant amounts of shares, raising concerns among investors.
• Despite the insider selling, analysts maintain an overall "Buy" rating on CRDO, with a positive outlook on the company's revenue and earnings growth potential, especially in the AI data center connectivity sector.
• The initiation of coverage by Rosenblatt Securities with a "neutral" rating and a $170 price target might have added to the bearish sentiment, although other analysts express a more bullish outlook on the company's future performance.
• The explosive revenue growth experienced by Credo Technology Group in FY26, driven by strong demand for its connectivity solutions, was overshadowed by the insider selling news, leading to a temporary downturn in the stock price.

16.00.2026 - CRDO Stock was down 8.3%

• The stock experienced a bearish movement of 4.9% following significant insider selling activities by key executives, totaling over $5 million in sales. This could have eroded investor confidence in the short term.
• Despite the insider selling, analysts continue to maintain a positive outlook on CRDO, with an average target price of $220.42, indicating a long-term bullish sentiment.
• The high Price-to-Earnings (P/E) ratio of 134.54, above the industry average, suggests that the stock might be perceived as overvalued, potentially contributing to the bearish movement as investors reassess the company's valuation.
• Overall, the combination of insider selling, positive analyst ratings, and the stock's high valuation compared to industry peers likely influenced the bearish movement in CRDO.

30.00.2026 - CRDO Stock was up 5.5%

• The surge in the stock price is linked to the launch of the Blue Heron 224G AI scale-up retimer by the company, which enhances AI rack capabilities and broadens market reach.
• Concerns about overvaluation were raised, but positive market response to Mirae Asset Global Investments Co. Ltd.'s increased stake and strong third-quarter earnings has boosted investor confidence, propelling the stock price upward.
• Initial skepticism following Jim Cramer's recommendation to choose Corning over CRDO for optical investments was overshadowed by market enthusiasm for CRDO's growth prospects and technological advances.
• The optimistic outlook for high-growth sectors such as AI and data centers has likely contributed to CRDO's bullish momentum as investors seek opportunities in these promising industries.

13.00.2026 - CRDO Stock was up 5.1%

• The stock of Credo Technology Group (CRDO) experienced a strong bullish movement, rising by 3.8% to $156.07.
• Despite the positive market response to the blowout quarter and analyst consensus of a "Buy" rating with an average price target of $217.08, significant insider selling by top executives, including the CTO and CFO, has raised concerns among investors.
• The company's participation in the AI-chip trade and upcoming presentation at Needham & Company’s Growth Conference have fueled investor optimism, but risks such as a potential slowdown in AI spending or increased competition could impact its performance.
• The substantial increase in institutional ownership by SG Americas Securities LLC and continued hedge fund interest indicate confidence in Credo's growth potential, despite the insider selling activity dampening some investor enthusiasm.

14.00.2026 - CRDO Stock was down 6.5%

• Despite strong Q3 earnings with a 272% year-over-year revenue increase, the stock faced downward pressure due to substantial insider selling by the CEO, COO, and CTO, amounting to millions of dollars, sparking concerns among investors about the company's future.
• Institutional investors such as Nisa Investment Advisors LLC and SG Americas Securities LLC notably augmented their stakes in CRDO, signaling confidence in its long-term potential. However, the divergence between insider selling and institutional buying could have influenced the stock's volatility.
• The upcoming Needham & Company's Growth Conference, featuring Credo, might impact investor sentiment should the company deliver a compelling outlook on its AI-driven semiconductor products. Additionally, market observers are awaiting Taiwan Semiconductor Manufacturing Co's earnings report to gain insights into AI chip demand, potentially affecting CRDO's stock performance.