Credo Technology Group ($CRDO) Stock Forecast: Up 5.8% Today

What is Credo Technology Group?

Credo Technology Group Holding (CRDO) specializes in high-speed connectivity solutions in the semiconductor industry. The company recently announced a robust performance in Q3, showcasing a significant 201.5% increase in revenue compared to the previous year.

Why is Credo Technology Group going up?

CRDO stock is up 5.8% on Mar 11, 2026 14:20

• CRDO stock rose by 5.6% after surpassing expectations in their quarterly earnings report. They reported an EPS of $1.07 and revenue of $407.0 million, outperforming analyst projections.
• Despite concerns regarding insider selling and valuation, notable institutional investors, including Victory Capital Management Inc., Aptus Capital Advisors LLC, and SPX Gestao de Recursos Ltda, have demonstrated interest in acquiring positions in CRDO.
• Analysts are optimistic about CRDO, with a consensus "Buy" rating and an average target price of $206.33. They attribute this positive growth to the company's strong performance and recent collaborations in the AI sector.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

A Look At Credo Technology Group Holding (CRDO) Valuation After Record Q3 AI Driven Growth And New Partnerships

Credo Technology Group (CRDO) is under scrutiny following its record Q3 fiscal 2026 results, positive revenue guidance, and a new AI cloud deployment partnership. While the company saw a significant revenue increase of 201.5% year-over-year and beat analyst EPS estimates, its stock has experienced a 31.89% decline over the past 90 days. The article discusses two valuation perspectives: one narrative suggesting it's 33.7% undervalued at $174.90, and a DCF model indicating a potential overvaluation with a fair value of $89.50.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/a-look-at-credo-technology-group-holding-crdo-valuation-afte-2

Credo Technology Group (NASDAQ:CRDO) Trading Up 5.6% - Here's What Happened

Credo Technology Group (NASDAQ:CRDO) saw its shares jump 5.6% to $115.98 on Monday, following a quarterly earnings beat where the company reported EPS of $1.07 against $0.78 expected and revenue of $407.0 million, significantly up year-over-year. Despite recent insider selling and trading below moving averages, analysts maintain an average "Buy" rating with a target price of $206.33. The company, a fabless semiconductor firm providing high-speed connectivity solutions, showed a net margin of 31.81% and a substantial increase in institutional investment during the fourth quarter.

https://www.marketbeat.com/instant-alerts/credo-technology-group-nasdaqcrdo-trading-up-56-heres-what-happened-2026-03-09/

Victory Capital Management Inc. Has $35.16 Million Stock Position in Credo Technology Group Holding Ltd. $CRDO

Victory Capital Management Inc. significantly reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 63.2% in Q3, ending the period with 241,437 shares valued at $35.16 million. Despite strong Q3 performance from Credo, marked by a 201.5% revenue increase and strategic AI/data-center partnerships, the stock has experienced volatility and significant insider selling. Analysts generally maintain a "Buy" rating on Credo, with a consensus target price of $206.33, though some have trimmed forecasts due to valuation sensitivity.

https://www.marketbeat.com/instant-alerts/filing-victory-capital-management-inc-has-3516-million-stock-position-in-credo-technology-group-holding-ltd-crdo-2026-03-09/

29,493 Shares in Credo Technology Group Holding Ltd. $CRDO Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC acquired a new stake of 29,493 shares in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the third quarter, valued at approximately $4.29 million. Institutional ownership of Credo stock now stands at 80.46%, with other major institutional investors also adjusting their positions. Despite mixed analyst sentiment and recent insider selling, Credo reported strong Q3 earnings, with revenue up 201.5% year-over-year, and analysts maintain a consensus "Buy" rating with an average price target of $206.33.

https://www.marketbeat.com/instant-alerts/filing-29493-shares-in-credo-technology-group-holding-ltd-crdo-acquired-by-aptus-capital-advisors-llc-2026-03-08/

SPX Gestao de Recursos Ltda Invests $4.95 Million in Credo Technology Group Holding Ltd. $CRDO

SPX Gestao de Recursos Ltda recently acquired 34,000 shares of Credo Technology Group Holding Ltd. for approximately $4.95 million, despite significant insider selling from the CEO and COO totaling over $64 million. The company reported strong quarterly earnings with revenue up 201.5% year-over-year, and analysts maintain a consensus "Buy" rating with an average target price of $206.33. However, the stock faces volatility due to valuation concerns and mixed analyst downgrades.

https://www.marketbeat.com/instant-alerts/filing-spx-gestao-de-recursos-ltda-invests-495-million-in-credo-technology-group-holding-ltd-crdo-2026-03-07/

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Credo Technology Group Price History

03.02.2026 - CRDO Stock was down 14.9%

• Strong Q3 fiscal 2026 results and a positive fiscal 2027 outlook were overshadowed by concerns about overvaluation and a Neutral rating from Rosenblatt, potentially contributing to the stock's bearish movement.
• CRDO stock exhibited weaker performance in pre-market trading, aligning with similar trends in MongoDB, which may have further pressured its price downward.
• The acquisition of CoMira Solutions aimed at enhancing AI infrastructure connectivity solutions may not have been sufficient to counteract the broader market forces impacting CRDO's stock value.
• TD Asset Management Inc.'s significant share acquisition and the "Moderate Buy" rating from analysts suggest long-term growth prospects, notwithstanding today's bearish movement.

03.02.2026 - CRDO Stock was down 18.5%

• A recent acquisition by Credo Technology Group Holding Ltd to improve its AI infrastructure connectivity solutions could have caused concerns among investors, possibly leading to a bearish market movement.
• Despite strong Q3 revenues and positive analyst sentiments, a downward revision of price targets by a specific entity might have impacted investor confidence in CRDO's growth prospects, contributing to the bearish trend.
• The interplay between institutional ownership, analyst ratings, and insider selling may have resulted in uncertainty among investors, prompting a sell-off and driving the bearish movement in CRDO's stock price.
• In conclusion, although Credo Technology Group Holding Ltd has exhibited promising growth and strategic initiatives in the AI sector, market participants appear to be reacting cautiously to recent developments and signals within the company, leading to the bearish market movement.

20.01.2026 - CRDO Stock was down 5.4%

• CRDO received a Buy rating from Goldman Sachs and favorable reviews from other analysts. However, the stock trended bearishly, possibly due to profit-taking following recent price increases.
• The company's attainment of PCIe 6.0 certification and optimistic revenue guidance for Q3 fiscal year 2026 served as beneficial drivers for the stock. Nevertheless, concerns about high customer concentration and potential overvaluation might have influenced the downward movement.
• Noteworthy billionaire investor Duan Yongping increased holdings in CRDO, reflecting strong confidence in the company's future. Nonetheless, discrepancies between valuation indications and market performance could have contributed to the bearish performance.
• Market reactions to CRDO's recent advancements indicate a cautious stance from investors as they weigh the company's technological advantages in data center connectivity against associated risks and valuation considerations.

13.01.2026 - CRDO Stock was down 6.2%

• Despite positive revenue growth forecasts and strong preliminary Q3 earnings estimates, CRDO's stock saw a bearish trend, possibly due to investors taking profits after a recent increase.
• Competition from industry leaders like Marvell and Broadcom and concerns about revenue concentration among hyperscalers could have added to the pressure on CRDO's stock.
• The increased stake by Allianz Asset Management GmbH and favorable analyst ratings suggest enduring confidence in CRDO's growth opportunities. This indicates that today's bearish movement might be a short-term adjustment rather than reflecting the company's core performance.
• Insider selling of shares, including by the CEO and CTO, may have also impacted investor sentiment and contributed to CRDO's downward movement today.

04.02.2026 - CRDO Stock was up 8.4%

• Strong Q3 earnings and revenues were reported by CRDO, surpassing estimates significantly and highlighting its solid financial performance.
• The stock witnessed a 10% decline despite the positive results, attributed to an "AI trade hangover" and concerns regarding industry shifts towards optical interconnects.
• Analysts at Rosenblatt maintained a Neutral rating on CRDO, suggesting that the stock might be overvalued despite the company's positive outlook and introduction of new products.
• The overall market sentiment, reflected by S&P 500 futures, showed a decrease, with companies like CRDO underperforming, potentially contributing to the stock's bearish movement despite the encouraging earnings report.

05.02.2026 - CRDO Stock was up 7.0%

• Despite reporting strong Q3 earnings and revenue beats, CRDO's stock experienced a sharp drop, which could be attributed to profit-taking after a period of bullish momentum.
• The market may have reacted negatively due to concerns about the industry's transition from copper AECs to optical interconnects, even though CRDO is actively addressing this with its "ZeroFlap Optics" technology.
• Analysts' mixed ratings on CRDO, with some maintaining a Buy rating citing the company's growth potential and others reiterating a Neutral stance due to perceived overvaluation, could have added to the stock's volatile movement.
• The broader market trend, as seen with S&P 500 futures dropping and specific companies like MongoDB and CRDO lagging, might have influenced CRDO's bearish movement despite its positive earnings report.

26.01.2026 - CRDO Stock was down 5.4%

• The bearish movement in CRDO stock today could be attributed to the significant insider selling by Thornburg Investment Management Inc. and Westfield Capital Management Co. LP, which might have raised concerns among investors about the company's future performance.
• The analysis questioning whether CRDO is overvalued after a 101% one-year surge could have also contributed to the bearish sentiment, as investors may be cautious about the stock's current valuation compared to industry averages.
• Despite achieving PCI-SIG compliance with its Toucan PCIe retimer technology, which enhances performance in AI and HPC environments, the market might be focusing more on the potential overvaluation and insider selling news.
• The initiation of coverage by Goldman Sachs with a "Buy" rating and a price objective of $165, along with Roth Capital's maintained "Buy" rating but reduced price objective to $200, could indicate conflicting opinions in the market, adding to the uncertainty and potentially influencing the bearish movement in the stock.

09.02.2026 - CRDO Stock was up 5.7%

• Strong Q3 earnings drove CRDO's stock growth, with revenue reaching $407 million and a net income of $157 million, fueled by AI-driven demand and new product releases.
• Notable institutional investors, including Aptus Capital Advisors LLC and SPX Gestao de Recursos Ltda, acquiring substantial stakes in CRDO signal confidence in the company's future growth, despite recent insider selling.
• Analysts' unanimous "Buy" recommendation and higher price targets, like JPMorgan's Overweight rating and Needham's $220 price target, have further reinforced investor confidence in CRDO.
• By prioritizing momentum, innovation, strategic acquisitions, and partnerships in the AI network solutions sector, CRDO is well-positioned for sustained growth and positive financial projections, contributing to the optimistic market trends.

18.01.2026 - CRDO Stock was up 9.2%

• The increase in CRDO's stock value is linked to a known investor boosting their stake in the company, displaying confidence in Credo's positioning in high-speed connectivity solutions.
• Despite trading above expected fair value and encountering price fluctuations, the market's reappraisal of Credo as a critical AI infrastructure supplier has led to substantial stock gains.
• Positive financial performance, surpassing revenue predictions, and obtaining certification for its Toucan PCIe retimer have also fueled investor confidence and analyst endorsements, maintaining a "Moderate Buy" rating with a target price of $212.69 as per consensus.

17.01.2026 - CRDO Stock was up 5.1%

• A notable investor reduced its holdings in CRDO, although overall insider selling had limited impact as the company exceeded expectations for Q3 earnings and revenue.
• The company's strategic pivot towards becoming a prominent provider of AI data center connectivity solutions, coupled with robust growth projections, has fueled a substantial increase in its stock price.
• Despite some apprehension regarding insider selling and reliance on a small number of clients, fresh investments from institutions like Oppenheimer Asset Management Inc. and favorable analyst evaluations have reinforced confidence in CRDO.
• Despite a target price reduction by Roth Capital and prevailing negative sentiment in the tech industry, CRDO's bullish trajectory remains intact, supported by a positive financial outlook and product certifications.

09.02.2026 - CRDO Stock was up 8.2%

• Victory Capital Management Inc. reduced its stake in CRDO by 63.2% following strong Q3 performance, generating valuation concerns and varied analyst sentiment.
• Aptus Capital Advisors LLC initiated a new position in CRDO, indicating confidence in the company's growth prospects despite recent insider selling and analyst downgrades.
• SPX Gestao de Recursos Ltda invested $4.95 million in CRDO, underlining ongoing institutional investor interest despite insider selling by the CEO and COO.
• Analysts at JPMorgan and Needham upheld positive ratings for CRDO, suggesting that recent sell-offs were excessive and competitive risks exaggerated, predicting sustained company growth.

11.02.2026 - CRDO Stock was up 5.8%

• CRDO stock rose by 5.6% after surpassing expectations in their quarterly earnings report. They reported an EPS of $1.07 and revenue of $407.0 million, outperforming analyst projections.
• Despite concerns regarding insider selling and valuation, notable institutional investors, including Victory Capital Management Inc., Aptus Capital Advisors LLC, and SPX Gestao de Recursos Ltda, have demonstrated interest in acquiring positions in CRDO.
• Analysts are optimistic about CRDO, with a consensus "Buy" rating and an average target price of $206.33. They attribute this positive growth to the company's strong performance and recent collaborations in the AI sector.