Credo Technology Group ($CRDO) Stock Forecast: Down 5.4% Today

What is Credo Technology Group?

Credo Technology Group Holding Ltd. ($CRDO) is a company specializing in high-speed wired connectivity products for data centers, known for its innovative Active Electrical Cables (AECs). Despite recent insider selling, the company reported strong financial results, beating earnings expectations and experiencing significant year-over-year revenue growth.

Why is Credo Technology Group going down?

CRDO stock is down 5.4% on Feb 26, 2026 16:46

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Westfield Capital Management Co. LP Decreases Stake in Credo Technology Group Holding Ltd. $CRDO

Westfield Capital Management Co. LP reduced its stake in Credo Technology Group Holding Ltd. by 10.5% in the third quarter, now owning 472,841 shares valued at $68.85 million. Despite this, Credo Technology Group beat Q3 earnings expectations with $0.67 EPS and $268.03 million in revenue, a 272.1% year-over-year increase. The company has a market capitalization of $22.3 billion, a PE ratio of 108.3, significant institutional ownership at 80.46%, and a consensus analyst rating of "Moderate Buy" with an average price target of $209.29.

https://www.marketbeat.com/instant-alerts/filing-westfield-capital-management-co-lp-decreases-stake-in-credo-technology-group-holding-ltd-crdo-2026-02-26/

Credo Technology Group Holding Ltd. $CRDO Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. reduced its stake in Credo Technology Group Holding Ltd. by 35.6% in the third quarter of 2025, selling 29,285 shares. Despite significant insider selling totaling over $136 million, corporate insiders still retain 11.84% ownership. Credo Technology Group reported strong financial results, surpassing EPS and revenue expectations, and holds a "Moderate Buy" consensus rating with a target price of $209.29.

https://www.marketbeat.com/instant-alerts/filing-credo-technology-group-holding-ltd-crdo-shares-sold-by-thornburg-investment-management-inc-2026-02-26/

Is Credo Technology Group Holding (CRDO) Pricing In Too Much After Its 101% One Year Surge

This article analyzes whether Credo Technology Group Holding (CRDO) is overvalued following a 101% one-year surge. Using Discounted Cash Flow and Price vs. Earnings models, Simply Wall St suggests CRDO might be overvalued, noting its P/E ratio is significantly higher than industry averages. However, the article also presents bull and bear case narratives, allowing investors to assess the future potential and risks from different perspectives.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/is-credo-technology-group-holding-crdo-pricing-in-too-much-a/amp

Credo Technology’s Toucan PCIe Retimer Achieves PCI‑SIG Compliance

Credo Technology Group Holding Ltd announced its PCIe 6.0 technology-capable Toucan PCIe retimer has achieved PCI-SIG compliance at 32.0GT/s. This validation ensures interoperability and reliable performance for current and future PCIe generations, particularly in AI, HPC, and accelerated compute environments. The Toucan retimer's low-power design and diagnostic tools simplify integration and offer a smooth transition for customers.

https://www.storagenewsletter.com/2026/02/24/credo-technologys-toucan-pcie-retimer-achieves-pci-sig-compliance/

Goldman Sachs Initiates Coverage of Credo Technology Group Holding Ltd (CRDO) Stock

Goldman Sachs initiated coverage of Credo Technology Group Holding Ltd (CRDO) with a "Buy" rating and a $165 price objective, citing the company's high-speed wired connectivity products for datacenters, particularly their pioneering Active Electrical Cables (AECs). The firm highlighted AECs for their cost-effectiveness, high bandwidth, and reliability, expecting copper solutions to remain relevant until at least 2032. Separately, Roth Capital maintained a "Buy" rating for CRDO but reduced its price objective to $200, based on the company's strong guidance driven by increased unit demand and higher average sales prices for its AEC cabling.

https://www.insidermonkey.com/blog/goldman-sachs-initiates-coverage-of-credo-technology-group-holding-ltd-crdo-stock-1701681/

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Credo Technology Group Price History

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.

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.

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.

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.

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.