Credo Technology Group ($CRDO) Stock Forecast: Down 6.6% Today

What is Credo Technology Group?

Credo Technology Group Holding Ltd. (CRDO) is a fabless semiconductor firm specializing in high-speed connectivity solutions. The company recently announced robust Q3 earnings, showcasing a 201.5% YoY revenue surge and generating positive feedback for its new ZeroFlap optics product tailored for AI data centers. However, the stock encountered significant bearish activity today.

Why is Credo Technology Group going down?

CRDO stock is down 6.6% on Mar 12, 2026 13:55

• Magnetar Financial LLC and Victory Capital Management Inc. have both notably decreased their stakes in CRDO, signaling wavering confidence in the stock notwithstanding its favorable performance.
• Worries regarding potential gross-margin compression and customer concentration issues highlighted by management prompted an adverse investor response labeled as a "sell-the-news" reaction, influencing the bearish movement observed.
• Despite commendable quarterly outcomes and an analyst consensus suggesting a "Buy" rating, CRDO has been on a declining trajectory over the past 90 days, potentially linked to valuation apprehensions as previously discussed.
• The convergence of insider selling, institutional stake reductions, and concerns related to valuation could have collectively contributed to the bearish market behavior seen in relation to CRDO today.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Magnetar Financial LLC Reduces Stake in Credo Technology Group Holding Ltd. $CRDO

Magnetar Financial LLC significantly reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 42.3% in the third quarter of 2025, selling over 35,000 shares. This comes amidst varied institutional investor activity, with some increasing and others decreasing their positions, and recent insider selling by two directors totaling over $591,000. Despite the reduction, Credo Technology Group reported strong Q3 earnings with 201.5% YoY revenue growth and positive sentiment surrounding its new ZeroFlap optics product for AI data centers, while analysts maintain a "Buy" consensus rating on the stock.

https://www.marketbeat.com/instant-alerts/filing-magnetar-financial-llc-reduces-stake-in-credo-technology-group-holding-ltd-crdo-2026-03-11/

Capital Research Global Investors Has $321.69 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Capital Research Global Investors reduced its stake in Credo Technology Group Holding Ltd. by 41% to $321.69 million in Q3. Despite the impressive quarterly revenue growth and EPS beat, the company's stock experienced a "sell-the-news" reaction due to concerns over gross-margin compression and customer concentration flagged by management. Analysts maintain a "Buy" rating with an average price target of $206.33, indicating strong institutional conviction, even though insiders recently sold a significant number of shares.

https://www.marketbeat.com/instant-alerts/filing-capital-research-global-investors-has-32169-million-stake-in-credo-technology-group-holding-ltd-crdo-2026-03-11/

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/

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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.

12.02.2026 - CRDO Stock was down 6.6%

• Magnetar Financial LLC and Victory Capital Management Inc. have both notably decreased their stakes in CRDO, signaling wavering confidence in the stock notwithstanding its favorable performance.
• Worries regarding potential gross-margin compression and customer concentration issues highlighted by management prompted an adverse investor response labeled as a "sell-the-news" reaction, influencing the bearish movement observed.
• Despite commendable quarterly outcomes and an analyst consensus suggesting a "Buy" rating, CRDO has been on a declining trajectory over the past 90 days, potentially linked to valuation apprehensions as previously discussed.
• The convergence of insider selling, institutional stake reductions, and concerns related to valuation could have collectively contributed to the bearish market behavior seen in relation to CRDO today.

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.

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.