Credo Technology Group (NASDAQ:CRDO) Stock Price Up 1.4% – Still a Buy?

Posted by Stanley Muller on Jun 12th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) rose 1.4% during trading on Wednesday . The company traded as high as $261.38 and last traded at $237.68. Approximately 13,836,378 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 7,462,711 shares. The stock had previously closed at $234.32.

Credo Technology Group News Roundup

Here are the key news stories impacting Credo Technology Group this week:

Positive Sentiment: Credo completed its acquisition of DustPhotonics, expanding its optical connectivity and silicon photonics portfolio for AI and cloud networking demand. The deal supports higher-speed products and could help drive growth as optical revenue ramps in coming fiscal years. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
Positive Sentiment: Several articles highlighted Credo as a top-ranked or bullish AI-related stock, citing strong growth prospects, rising estimates, and favorable technical momentum. 3 Top Ranked Stocks Investors Can Buy Right Now
Positive Sentiment: Analyst commentary remains constructive after earnings, with price target increases and expectations for continued strong revenue and earnings growth tied to AI infrastructure spending. Mizuho Raises PT on Credo Technology (CRDO) After FQ4 2026 Earnings
Neutral Sentiment: Insider sales by Director Fariba Danesh and CTO Chi Fung Cheng may have added some caution, but the CTO sale was described as part of a pre-arranged plan to cover tax withholding on equity awards, limiting the bearish signal. Credo Technology Group (NASDAQ:CRDO) Director Fariba Danesh Sells 1,100 Shares
Neutral Sentiment: Some coverage pointed to customer concentration risk, though management is working to diversify revenue beyond a few large hyperscale customers. Credo’s Diversification Push: Can It Cut Customer Concentration Risk?
Negative Sentiment: A Seeking Alpha downgrade to “Hold” suggests some investors think the stock may already reflect much of the near-term upside, especially after its strong run and rich valuation. Credo: Don’t Chase This Winner Over The Cliff – Downgrade To Hold

Wall Street Analyst Weigh In

CRDO has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $250.00 target price on shares of Credo Technology Group in a research report on Wednesday, May 27th. Susquehanna increased their target price on shares of Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. TD Cowen increased their target price on shares of Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Roth Mkm increased their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Credo Technology Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Get Our Latest Research Report on Credo Technology Group

Credo Technology Group Stock Performance

The company has a market capitalization of $46.26 billion, a PE ratio of 101.13, a P/E/G ratio of 1.25 and a beta of 3.22. The company’s 50-day simple moving average is $181.36 and its 200-day simple moving average is $150.09.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last issued its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 36.99%. The company had revenue of $437.00 million for the quarter, compared to the consensus estimate of $431.80 million. During the same period last year, the firm posted $0.20 EPS. Credo Technology Group’s revenue for the quarter was up 157.0% on a year-over-year basis. Analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $103.19, for a total transaction of $2,837,725.00. Following the transaction, the chief technology officer directly owned 6,162,370 shares of the company’s stock, valued at approximately $635,894,960.30. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 54,984 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the transaction, the chief executive officer directly owned 367,327 shares in the company, valued at $80,286,662.39. The trade was a 13.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 376,884 shares of company stock worth $59,014,018 over the last three months. 11.84% of the stock is currently owned by insiders.

Institutional Trading of Credo Technology Group

Hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC lifted its stake in shares of Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares during the period. Reflection Asset Management acquired a new stake in shares of Credo Technology Group in the 4th quarter worth $25,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Credo Technology Group in the 4th quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Credo Technology Group in the 4th quarter worth $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Credo Technology Group in the 4th quarter worth $36,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.