Credo Technology Group ($CRDO) Stock Forecast: Down 8.1% Today

What is Credo Technology Group?

Credo Technology Group (CRDO) specializes in high-bandwidth AI interconnect solutions, recently releasing the Blue Heron 224G AI scale-up retimer to target the expanding AI-interconnect sector.

Why is Credo Technology Group going down?

CRDO stock is down 8.1% on Feb 3, 2026 16:02

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Credo Targets Scale-Up Networking Market With Blue Heron Retimer

Credo Technology Group (CRDO) has launched the Blue Heron 224G AI scale-up retimer, aiming to capture a share of the rapidly growing AI-interconnect market, which analysts estimate could reach over $40 billion by 2030. This new solution is built on a 3nm process and designed to support multiple protocols while enabling full recovery of 224G links, enhancing Credo's exposure to AI-driven demand. The article also compares Credo's offerings and market position with competitors like Marvell Technology and Astera Labs in the high-speed connectivity and retimer space.

https://au.finance.yahoo.com/news/credo-targets-scale-networking-market-140300984.html

Credo Technology’s AI Interconnect Push Meets Rich Valuation And Risk Flags

Credo Technology Group Holding introduced its Blue Heron 224G AI scale-up retimer and secured a patent licensing agreement with 3M, strengthening its position in high-bandwidth AI interconnects. Despite these advancements, the stock is flagged for rich valuation (81.1% above estimated fair value) and risks like high non-cash earnings and recent insider selling. Investors are advised to consider these risks against the growth story in AI infrastructure.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/credo-technologys-ai-interconnect-push-meets-rich-valuation/amp

Credo Technology Group (NASDAQ:CRDO) Stock Price Down 4.2% After Insider Selling

Credo Technology Group (NASDAQ:CRDO) experienced a 4.2% stock price drop following significant insider selling by CEO William J. Brennan ($8.685M) and Director Pantas Sutardja (~$241K). Despite these sales, Wall Street analysts maintain a largely bullish outlook for CRDO, with an average price target of $216.54 and recent target increases from multiple firms. The company reported a strong past quarter, exceeding EPS and revenue expectations.

https://www.marketbeat.com/instant-alerts/credo-technology-group-nasdaqcrdo-stock-price-down-42-after-insider-selling-2026-02-02/

Insider Selling: Credo Technology Group (NASDAQ:CRDO) Director Sells 1,875 Shares of Stock

Credo Technology Group (NASDAQ:CRDO) Director Pantas Sutardja sold 1,875 shares of the company's stock on January 30th at an average price of $128.67, totaling over $241,000. This sale represents a 0.03% reduction in his stock ownership, leaving him with 5,892,034 shares valued at approximately $758 million. Despite the insider selling, analysts maintain a "Buy" rating for CRDO with a consensus price target of $216.54, after the company recently beat earnings expectations.

https://www.marketbeat.com/instant-alerts/insider-selling-credo-technology-group-nasdaqcrdo-director-sells-1875-shares-of-stock-2026-02-02/

Credo Technology Group Holding Ltd. $CRDO Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund significantly increased its stake in Credo Technology Group (NASDAQ:CRDO) during Q3, purchasing over 75,000 shares. Other institutional investors also boosted their holdings, pushing institutional ownership to over 80%. Despite recent insider selling, analysts maintain a "Buy" rating, with an average target price of $216.54.

https://www.marketbeat.com/instant-alerts/filing-credo-technology-group-holding-ltd-crdo-shares-bought-by-new-york-state-common-retirement-fund-2026-02-01/

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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.

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.

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.

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.

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.