Credo Technology Group ($CRDO) Stock Forecast: Up 5.5% Today

What is Credo Technology Group?

Credo Technology Group Holding Ltd (CRDO) operates in the semiconductor industry, specializing in AI, data centers, and advanced battery technology. The stock saw a significant bullish movement today.

Why is Credo Technology Group going up?

CRDO stock is up 5.5% on Jan 30, 2026 15:50

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Is Credo Technology Group Holding (CRDO) Pricing Look Stretched After A 100% One-Year Gain

Credo Technology Group Holding (CRDO) has seen a 100% one-year gain, leading to concerns about its valuation. A Discounted Cash Flow (DCF) analysis suggests the stock is 95.3% overvalued at $129.66, with an estimated intrinsic value of $66.38 per share. The company's P/E ratio of 110.48x is also significantly higher than the Semiconductor industry average of 43.35x and its proprietary Fair Ratio of 66.96x, indicating it is trading at a premium.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/is-credo-technology-group-holding-crdo-pricing-look-stretche

5 Stocks to Buy in February: Last Year's Winners Aren't Done Yet

The article identifies five stocks (Advanced Micro Devices, Amprius Technologies, Credo Technologies, Bloom Energy, and Applied Digital) that performed well in 2025 and are expected to continue their momentum into 2026. These companies operate in high-growth sectors like AI, data centers, and advanced battery technology, and analysts are optimistic about their future performance and growth potential. The author suggests February could offer opportune buying prices for these stocks.

https://finviz.com/news/292203/5-stocks-to-buy-in-february-last-years-winners-arent-done-yet

How Credo’s new retimer lets AI racks escape the half-rack limit

Credo Technology Group Holding Ltd (Credo) has introduced its new Blue Heron 224G AI scale-up retimer, designed to support extended cable and PCB backplane links for UALink, ESUN, and Ethernet protocols. This innovation allows for more flexible placement of GPUs and switch ICs in AI racks, overcoming previous limitations that restricted them to half-rack spans. Built with advanced 3nm process technology and high-performance 224G SerDes, the Blue Heron retimer facilitates rack-scale cable backplanes and supports various AI scale-up applications.

https://www.stocktitan.net/news/CRDO/credo-introduces-industry-s-first-224g-multiprotocol-ai-scale-up-c5542y90zbc5.html

Jim Cramer Recommends Corning Over Credo

Jim Cramer recommends Corning over Credo Technology Group Holding Ltd (CRDO) for optical investments, advising to wait for potential dips before buying Corning. He has previously acknowledged Credo's growth potential despite insider selling but suggests that certain AI stocks offer greater upside and less downside risk. The article notes Credo's business within the data center sector.

https://finviz.com/news/292237/jim-cramer-recommends-corning-over-credo

Credo Technology Group Holding Ltd. $CRDO Stake Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. significantly increased its stake in Credo Technology Group Holding Ltd. ($CRDO) by 2,588.1% in the third quarter, now owning 0.14% of the company's stock valued at approximately $36.1 million. Credo also reported strong third-quarter earnings, beating analyst estimates with an EPS of $0.67 and revenue of $268.03 million, marking a 272.1% year-over-year revenue increase. Despite recent insider selling, analyst consensus rates the stock a "Buy" with an average target price of $216.54.

https://www.marketbeat.com/instant-alerts/filing-credo-technology-group-holding-ltd-crdo-stake-increased-by-mirae-asset-global-investments-co-ltd-2026-01-29/

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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.

07.00.2026 - CRDO Stock was down 5.3%

• Despite a recent excellent quarter with impressive financial results, including beating EPS estimates and a significant revenue increase, CRDO's shares experienced a 2.1% decline during mid-day trading.
• Recognition of Credo as a key beneficiary of AI infrastructure growth and its support of the company's near-term capital expenditure story may have raised expectations, leading to a sell-off as investors closely monitor the company's execution against aggressive revenue targets.
• The significant insider selling in AI-related tech stocks, including CRDO, might have contributed to the bearish movement as insiders take profits following substantial share price increases in 2025, despite bullish analyst ratings and institutional accumulation indicating growth potential driven by AI.
• The conflicting signals of insider selling and analyst recommendations create a paradox for investors, with the need to balance short-term profit-taking with long-term growth prospects in the AI tech sector.

08.00.2026 - CRDO Stock was up 8.8%

• CRDO experienced a significant stock increase of 6.89% following optimism from strategic partnerships and innovation disclosures at the 28th Annual Needham Growth Conference.
• Analysts are projecting a fair value of US$214 for CRDO, indicating that the stock is currently undervalued despite recent share price weakness.
• The surge in CRDO stock is attributed to increased option activity and implied volatility as traders buy call options ahead of the company's March earnings release.
• Despite recent weakness, CRDO is considered surprisingly cheap with robust fundamentals, including significant revenue growth and margin expansion, presenting a compelling opportunity for long-term investors.

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.

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.

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.

13.00.2026 - CRDO Stock was up 5.1%

• The stock of Credo Technology Group (CRDO) experienced a strong bullish movement, rising by 3.8% to $156.07.
• Despite the positive market response to the blowout quarter and analyst consensus of a "Buy" rating with an average price target of $217.08, significant insider selling by top executives, including the CTO and CFO, has raised concerns among investors.
• The company's participation in the AI-chip trade and upcoming presentation at Needham & Company’s Growth Conference have fueled investor optimism, but risks such as a potential slowdown in AI spending or increased competition could impact its performance.
• The substantial increase in institutional ownership by SG Americas Securities LLC and continued hedge fund interest indicate confidence in Credo's growth potential, despite the insider selling activity dampening some investor enthusiasm.

14.00.2026 - CRDO Stock was down 6.5%

• Despite strong Q3 earnings with a 272% year-over-year revenue increase, the stock faced downward pressure due to substantial insider selling by the CEO, COO, and CTO, amounting to millions of dollars, sparking concerns among investors about the company's future.
• Institutional investors such as Nisa Investment Advisors LLC and SG Americas Securities LLC notably augmented their stakes in CRDO, signaling confidence in its long-term potential. However, the divergence between insider selling and institutional buying could have influenced the stock's volatility.
• The upcoming Needham & Company's Growth Conference, featuring Credo, might impact investor sentiment should the company deliver a compelling outlook on its AI-driven semiconductor products. Additionally, market observers are awaiting Taiwan Semiconductor Manufacturing Co's earnings report to gain insights into AI chip demand, potentially affecting CRDO's stock performance.

13.00.2026 - CRDO Stock was up 5.2%

• The surge in CRDO stock is a result of its outstanding quarter, exceeding EPS and revenue forecasts and demonstrating significant growth in business operations.
• Despite concerns raised by insider selling, market sentiment remains positive due to strong analyst ratings and price targets.
• The stock's upward trend is influenced by interest from hedge funds, an upcoming presentation at Needham & Company’s Growth Conference, and the enthusiasm for AI-driven semiconductors.
• While there are some concerns about overvaluation, the sustained demand for Credo's high-speed connectivity solutions in the AI sector, recognized by investment banks like BofA and Barclays, reinforces a optimistic outlook for the company.