Credo Technology Group ($CRDO) Stock Forecast: Down 5.4% Today

What is Credo Technology Group?

Credo Technology Group Holding Ltd (CRDO) specializes in high-speed connectivity solutions for data centers, notably Active Electrical Cables and PCIe retimers. The stock observed a significant downturn today despite recent positive developments and analyst coverage.

Why is Credo Technology Group going down?

CRDO stock is down 5.4% on Feb 20, 2026 20:55

• 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.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

Credo receives Buy rating due to its edge in data centers: Goldman Sachs

Goldman Sachs initiated coverage on Credo Technology (CRDO) with a Buy rating, citing the company's strong position in high-speed connectivity solutions for data centers. The firm set a 12-month price target of $175 for Credo's stock.

https://seekingalpha.com/news/4554136-credo-receives-buy-rating-due-to-its-edge-in-data-centers-goldman-sachs

Strong outlook and PCIe certification keep Credo Technology Group Holding Ltd (CRDO) in focus

The article highlights Credo Technology Group Holding Ltd (CRDO) due to its strong market outlook and significant achievement of PCIe 6.0 PHY IP certification. This certification is crucial for next-generation data center interconnectivity and AI workloads. The positive developments coincide with an increased price target from TD Cowen and positive insider transactions.

https://www.msn.com/en-us/money/companies/strong-outlook-and-pcie-certification-keep-credo-technology-group-holding-ltd-crdo-in-focus/ar-AA1WlFqT

Goldman Sachs initiates Credo Technology stock coverage with buy rating

Goldman Sachs has initiated coverage on Credo Technology Group Holding Ltd. (NASDAQ:CRDO) with a Buy rating and a price target of $165, suggesting a 27% upside from its current trading price of $127.91. The firm highlights Credo's high-speed wired connectivity products for data centers, particularly its Active Electrical Cables, which offer cost-effective, high-bandwidth solutions. This positive outlook is further supported by Credo's strong revenue growth and healthy financial score, along with recent impressive preliminary Q3 fiscal year 2026 revenue expectations.

https://www.investing.com/news/analyst-ratings/goldman-sachs-initiates-credo-technology-stock-coverage-with-buy-rating-93CH-4512944

PCIe 6.0 Retimer Win And Revenue Guidance Boost Could Be A Game Changer For Credo (CRDO)

Credo Technology Group Holding Ltd. (CRDO) recently achieved PCI-SIG compliance for its Toucan PCIe retimer and significantly raised its Q3 fiscal 2026 revenue guidance to between US$404 million and US$408 million. This positive development reinforces Credo's position in the high-speed connectivity market driven by AI data center build-outs, yet investors should also consider the risk of high customer concentration. The news, coupled with strong growth expectations, suggests a potential reshaping of Credo's investment narrative.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/pcie-60-retimer-win-and-revenue-guidance-boost-could-be-a-ga

Duan Yongping Backs Credo As PCIe 6.0 And Valuation Signals Diverge

Billionaire investor Duan Yongping's hedge fund has increased its stake in Credo Technology Group Holding (NasdaqGS:CRDO) following Credo's announcement that its Toucan PCIe retimer is compliant with the PCIe 6.0 standard. This move highlights Credo's crucial role in high-speed connectivity solutions for data centers and AI infrastructure, attracting attention from institutions focused on the AI and high-performance computing sectors. Despite this positive development, Credo's shares are trading significantly above their estimated fair value and have experienced recent price volatility.

https://simplywall.st/stocks/us/semiconductors/nasdaq-crdo/credo-technology-group-holding/news/duan-yongping-backs-credo-as-pcie-60-and-valuation-signals-d

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Credo Technology Group Price History

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.

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.

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.

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.

09.01.2026 - 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.