Credo Technology Group ($CRDO) Stock Forecast: Up 5.1% Today

What is Credo Technology Group?

Credo Technology Group Holding (CRDO) is a fabless semiconductor company specializing in AI-driven data center connectivity solutions. The company recently launched its Blue Heron 224G AI scale-up retimer, aiming to address key bottlenecks in AI data centers.

Why is Credo Technology Group going up?

CRDO stock is up 5.1% on Feb 9, 2026 15:35

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Assessing Credo Technology Group Holding (CRDO) Valuation After AI Growth Momentum And Blue Heron Launch

Credo Technology Group Holding (CRDO) recently launched its Blue Heron 224G AI scale-up retimer, a multiprotocol chip designed for demanding AI data center connectivity. Despite a recent share price decline, the stock shows strong long-term gains, prompting a reassessment of its valuation. While some narratives suggest CRDO is 48% undervalued based on aggressive growth forecasts, simpler P/E ratios indicate it may be expensive compared to industry averages.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/assessing-credo-technology-group-holding-crdo-valuation-afte

Credo Technology Slips 32% in a Month: Hold the Stock or Cut Losses?

Credo Technology (CRDO) stock has suffered a significant 32% decline in the past month, sparking investor concern despite its strategic relevance in AI-driven data center connectivity solutions. The company's focus on high-performance solutions like Active Electrical Cables (AECs) and IC portfolios positions it for long-term growth, along with strengthening profitability and a healthy balance sheet. However, risks such as customer concentration, delayed revenue generation from new pillars, rising operating expenses, and fierce competition from industry giants like Broadcom and Marvell Technology suggest a "Hold" rating for the stock, advising investors to await a favorable entry point or retain current positions.

https://finance.yahoo.com/news/credo-technology-slips-32-month-141300956.html

Truist Financial Corp Grows Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

Truist Financial Corp significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 420.5% in the third quarter, now owning 18,452 shares valued at approximately $2.69 million. This increase comes alongside strong earnings reported by Credo, beating analyst estimates, and a "Moderate Buy" consensus rating from analysts, despite a high valuation and recent insider share sales. Other large institutions like JPMorgan Chase & Co. and Alliancebernstein L.P. have also increased their holdings in Credo Technology Group.

https://www.marketbeat.com/instant-alerts/filing-truist-financial-corp-grows-stock-holdings-in-credo-technology-group-holding-ltd-crdo-2026-02-07/

Bessemer Group Inc. Raises Holdings in Credo Technology Group Holding Ltd. $CRDO

Bessemer Group Inc. significantly increased its stake in Credo Technology Group Holding Ltd. by over 58,000%, now owning 125,188 shares valued at $18.23 million. Other institutional investors also adjusted their positions in CRDO, which has a "Moderate Buy" consensus rating and a $216.54 average price target. Despite recent insider selling, Credo Technology Group, a fabless semiconductor company, reported strong Q3 earnings, beating EPS estimates and seeing substantial revenue growth.

https://www.marketbeat.com/instant-alerts/filing-bessemer-group-inc-raises-holdings-in-credo-technology-group-holding-ltd-crdo-2026-02-07/

Credo’s Blue Heron Retimer Targets Key AI Data Center Bottlenecks

Credo Technology Group Holding (NasdaqGS:CRDO) has launched its Blue Heron 224G AI scale-up retimer, designed to extend cable and backplane reach in AI infrastructure, specifically for connections between GPUs and switch ICs. This product addresses the challenge of maintaining signal integrity over longer copper links in dense AI data centers, offering an alternative to more costly optical solutions. The success of Blue Heron will depend on its adoption by hyperscalers and its ability to compete with other connectivity providers, playing a key role in Credo's positioning within the evolving AI infrastructure market.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/credos-blue-heron-retimer-targets-key-ai-data-center-bottlen

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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.

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.

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.

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.