Credo Technology Group ($CRDO) Stock Forecast: Up 9.2% Today

What is Credo Technology Group?

Credo Technology Group Holding (CRDO) specializes in high-speed connectivity solutions for data centers and AI infrastructure, currently emphasizing its role as a core AI data center connectivity provider.

Why is Credo Technology Group going up?

CRDO stock is up 9.2% on Feb 18, 2026 15:16

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Duan Yongping Backs Credo As PCIe 6.0 And Valuation Signals Diverge

Billionaire investor Duan Yongping's hedge fund has increased its stake in Credo Technology Group Holding (NasdaqGS:CRDO) following Credo's announcement that its Toucan PCIe retimer is compliant with the PCIe 6.0 standard. This move highlights Credo's crucial role in high-speed connectivity solutions for data centers and AI infrastructure, attracting attention from institutions focused on the AI and high-performance computing sectors. Despite this positive development, Credo's shares are trading significantly above their estimated fair value and have experienced recent price volatility.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/duan-yongping-backs-credo-as-pcie-60-and-valuation-signals-d

TimesSquare Capital Management LLC Sells 102,700 Shares of Credo Technology Group Holding Ltd. $CRDO

TimesSquare Capital Management LLC reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 29.1% in Q3, selling 102,700 shares, but still holds 250,300 shares valued at approximately $36.45 million. The company has seen significant insider selling, with 917,976 shares worth $136.57 million sold in the last three months, though insiders still own 11.84% of the stock. Credo Technology Group recently surpassed Q3 earnings and revenue estimates and holds an average analyst rating of "Moderate Buy" with a target price of $212.69.

https://www.marketbeat.com/instant-alerts/filing-timessquare-capital-management-llc-sells-102700-shares-of-credo-technology-group-holding-ltd-crdo-2026-02-15/

Credo Technology Recasts Itself Around AI Data Center Connectivity Growth

Credo Technology Group Holding is repositioning itself as a key AI data center connectivity provider, introducing new high-speed products and updating revenue guidance which projects over 200% year-on-year growth driven by AI infrastructure demand. The company's stock has seen significant gains, reflecting the market's re-evaluation of Credo as a core AI infrastructure supplier rather than a niche IP licensor. Despite strong growth prospects, investors are advised to consider risks such as concentrated exposure to a few hyperscale customers and past insider selling.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/credo-technology-recasts-itself-around-ai-data-center-connec/amp

Oppenheimer Asset Management Inc. Makes New Investment in Credo Technology Group Holding Ltd. $CRDO

Oppenheimer Asset Management Inc. recently acquired 11,161 shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the third quarter, valued at approximately $1.63 million. This new investment comes as several other major institutional investors, including Vanguard and JPMorgan Chase, also increased their holdings in Credo Technology Group. Despite significant insider selling totaling over $136 million, analysts maintain a "Moderate Buy" rating for CRDO, with a consensus price target of $212.69, following strong quarterly earnings that surpassed estimates.

https://www.marketbeat.com/instant-alerts/filing-oppenheimer-asset-management-inc-makes-new-investment-in-credo-technology-group-holding-ltd-crdo-2026-02-14/

Strong Outlook and PCIe Certification Keep Credo Technology Group Holding Ltd (CRDO) in Focus

Credo Technology Group Holding Ltd (CRDO) is highlighted for its strong financial outlook, with expected Q3 revenue significantly exceeding guidance and projections for substantial year-over-year growth into fiscal 2027. The company also received PCI-SIG compliance certification for its Toucan PCIe retimer, validating its adherence to industry standards for PCIe 6.0 technology. Needham reiterated its Buy rating on CRDO, affirming it as a top pick for 2026 due to strong execution and demand for its AEC products.

https://www.insidermonkey.com/blog/strong-outlook-and-pcie-certification-keep-credo-technology-group-holding-ltd-crdo-in-focus-1695865/?amp=1

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Credo Technology Group Price History

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.

10.01.2026 - CRDO Stock was up 13.2%

• An increase in stake in CRDO by over 2,000% by Allianz Asset Management GmbH likely signaled strong confidence in the company's future prospects, contributing to the bullish movement.
• Revenue forecasts for CRDO were upgraded by industry analysts, projecting a 66% growth in sales for 2026, which added to the positive sentiment surrounding the stock.
• The company's preannouncement of strong Q3 fiscal 2026 revenue results exceeded expectations, raising full-year revenue growth outlook to over 200% year-over-year, fueling investor excitement and driving the stock price higher.
• Overall market optimism, represented by the S&P 500 futures climbing in premarket trading, also played a role in boosting CRDO's stock price.

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.

11.01.2026 - CRDO Stock was down 9.7%

• CRDO's stock faced significant downward movement despite positive developments and analyst upgrades.
• An increase in institutional holdings by Allianz Asset Management GmbH did not halt the bearish trend, suggesting additional influences.
• Insider selling by the CEO and CTO could have contributed to the bearish movement through profit-taking.
• Although revenue forecasts and quarterly results were promising, caution from analysts about earnings quality may have spurred the negative market response.

11.01.2026 - CRDO Stock was down 9.5%

• Although there have been positive earnings previews, robust revenue growth forecasts, and significant institutional buying, Credo's stock witnessed a bearish movement.
• This downward trend may be linked to profit-taking by corporate insiders, with the CEO and CTO recently selling a substantial number of shares.
• Concerns expressed by industry analysts regarding the quality of earnings, despite positive revenue forecasts, could have also played a role in the bearish market activity.
• The competitive landscape with industry giants and revenue concentration among hyperscalers, as highlighted in discussions, could have further fueled investor worries, leading to a negative sentiment in the market.

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.

05.01.2026 - CRDO Stock was up 5.5%

• Key executives like CEO William Brennan and COO Yat Tung Lam engaged in significant insider selling, yet the market sentiment towards CRDO remained bullish.
• The introduction of the Blue Heron 224G AI scale-up retimer, designed for the scale-up networking market, positions Credo well to benefit from the increasing demand in the AI-interconnect sector.
• Analysts maintaining a "Buy" rating and expressing a positive outlook on the company, despite the insider selling, reflects confidence in Credo's growth potential and product portfolio.
• The favorable market movement is credited to the company's strategic expansion into thriving markets such as AI-interconnect and the successful launch of innovative products like the Blue Heron retimer.

12.01.2026 - CRDO Stock was up 5.6%

• Credo's stock surged by 9% driven by favorable revenue growth projections and better-than-expected preliminary Q3 earnings estimates, underlining the market's confidence in the company's future.
• The company's strong position in the AI-focused data center market, coupled with achieving compliance for its cutting-edge PCIe 6.0 technology product, created investor excitement and propelled the uptrend.
• Analysts' optimistic revenue forecasts for Credo, indicating an anticipated 66% sales growth by 2026, bolstered investor confidence and potentially attracted more institutional interest, as reflected in substantial stake increment by Allianz Asset Management GmbH.
• Despite potential risks like revenue dependency on major cloud service providers and competition from industry leaders, Credo's robust quarterly performance, diversified product range, and positive market sentiment resulted in a significant uptick in stock price, signaling a positive outlook for the company.

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.

09.01.2026 - CRDO Stock was up 5.1%

• Despite a recent 32% decline in the stock price, CRDO experienced a strong bullish movement today.
• Institutional investors like Truist Financial Corp and Bessemer Group Inc. significantly increased their stakes in CRDO, indicating confidence in the company's long-term prospects.
• The launch of the Blue Heron 224G AI scale-up retimer, targeting AI data center bottlenecks, has likely contributed to renewed investor interest and positive market sentiment.
• Analysts' reassessment of CRDO's valuation, coupled with strong Q3 earnings and revenue growth, may have fueled the bullish momentum in the stock today.