Credo Technology Group ($CRDO) Stock Forecast: Down 6.2% Today

What is Credo Technology Group?

Credo Technology Group Holding Ltd (CRDO) focuses on AI data center solutions and connectivity platforms. The stock faced negative movement today amidst a generally positive market sentiment.

Why is Credo Technology Group going down?

CRDO stock is down 6.2% on Feb 13, 2026 15:11

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Credo's Earnings Set To Ignite Rally (Preview) (NASDAQ:CRDO)

Credo Technology Group remains a Buy due to accelerating business momentum driven by robust AI data center demand and a diversified connectivity platform. The company has raised its Q3 FY2026 revenue guidance to over 200% Y/Y growth and projects FY2027 revenue near $2B with 45% net margins. Despite recent fears, Credo's Advanced End-point Controllers (AECs) are considered essential for inter-rack connectivity, preserving its expanding Total Addressable Market (TAM), with a valuation model suggesting 38% upside over the next year.

https://seekingalpha.com/article/4868620-credos-earnings-set-to-ignite-rally-preview

Credo Technology (CRDO) Climbs 9% as Firm Eyes ‘More-Than-Triple’ Revenue Growth in Next 2 Years

Credo Technology Group Holding Ltd (CRDO) saw its stock climb 9.16% on optimistic revenue growth projections, targeting more than a triple increase in the next two years, driven by demand from the AI sector. The company also announced preliminary Q3 earnings estimates exceeding previous guidance and achieved PCI-SIG compliance for its PCIe 6.0 technology-capable product.

https://finance.yahoo.com/news/credo-technology-crdo-climbs-9-164838250.html

A Glimpse Into The Expert Outlook On Credo Technology Group Through 8 Analysts

Eight analysts have provided ratings for Credo Technology Group (NASDAQ: CRDO) over the past three months, with an average price target of $218.12, marking a 15.23% increase from the prior average. The company shows strong financial performance with impressive revenue growth, high net margin, and effective asset and equity utilization, alongside conservative debt management. These metrics, combined with analyst insights, suggest a positive market position for Credo Technology Group.

https://www.benzinga.com/insights/analyst-ratings/26/02/50525765/a-glimpse-into-the-expert-outlook-on-credo-technology-group-through-8-analysts

Credo Is No Longer Just A Cable Story - Earnings Preview (NASDAQ:CRDO)

Credo Technology Group Holding Ltd (CRDO) is expected to show strong preliminary Q3 revenue, positioning it for growth in the AI-driven data center market. The company's leadership in AECs, expansion into new growth pillars, and the launch of its Blue Heron 224G retimer are key drivers. Risks include revenue concentration among hyperscalers and intense competition from industry giants like Marvell and Broadcom.

https://seekingalpha.com/article/4868105-credo-is-no-longer-just-a-cable-story-earnings-preview

Credo Technology Group Holding Ltd. $CRDO Holdings Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH significantly increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by over 2,000%, bringing its total shares to 57,389 worth $8.36 million. Despite strong institutional buying, corporate insiders have been net sellers, with the CEO and CTO selling a combined 105,000 shares recently. Credo reported strong quarterly results, beating EPS estimates by $0.18 and achieving significant revenue growth, leading analysts to maintain a "Moderate Buy" rating with an average target price of $212.69.

https://www.marketbeat.com/instant-alerts/filing-credo-technology-group-holding-ltd-crdo-holdings-boosted-by-allianz-asset-management-gmbh-2026-02-10/

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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.

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.

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.