Credo Technology Group (NASDAQ:CRDO) Stock Price Down 2.3% – Should You Sell?

Posted by Stanley Muller on Nov 10th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) traded down 2.3% on Tuesday. The stock traded as low as $126.89 and last traded at $129.80. 5,451,893 shares traded hands during trading, a decline of 29% from the average daily volume of 7,685,972 shares. The stock had previously closed at $132.89.

Credo Technology Group News Summary

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

Positive Sentiment: Credo’s revenue more than doubled year over year in its latest reported quarter, and it has continued a multi-quarter streak of earnings beats. Analysts have raised estimates, fueling speculation that the company’s next growth phase may be underestimated. Article: Wall Street May Be Underestimating This AI Chip Stock’s Next Growth Phase
Positive Sentiment: Credo and Oracle advanced two Open Compute Project optical telemetry standards intended to improve monitoring and reliability in AI data-center networks. The development reinforces the company’s role in AI infrastructure. Article: Credo Helped Set New AI Network Standards
Positive Sentiment: Credo recently rebounded as investors bought after a steep selloff, with the move also supported by a broader technology rally and renewed attention to its growth and AI-connectivity exposure. Coverage did not identify a single new catalyst for the rebound. Article: Credo Technology Advances Amid Broad Tech Rally
Neutral Sentiment: Recent commentary frames the key question as whether strong growth can translate into a sustained recovery; estimates of substantial upside depend on continued AI-infrastructure spending and execution.
Negative Sentiment: Articles flag reliance on a small number of large hyperscaler customers and the risk that the AI trade or demand weakens. They also question whether the valuation is attractive even after the share-price decline. Article: Is Credo Technology Stock a Buy Right Now?
Negative Sentiment: Reported insider transactions show sales and no purchases over the cited six-month period. While such sales do not necessarily signal a change in company outlook, they may add to investor caution.

Analysts Set New Price Targets

Several research firms recently commented on CRDO. Rosenblatt Securities reiterated a “neutral” rating and set a $235.00 target price on shares of Credo Technology Group in a research report on Thursday, October 15th. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Mizuho cut their price target on shares of Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a report on Monday, September 21st. Evercore set a $292.00 price objective on shares of Credo Technology Group in a research note on Wednesday, September 2nd. Finally, Bank of America decreased their price objective on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $262.67.

Get Our Latest Research Report on Credo Technology Group

Credo Technology Group Price Performance

The firm’s fifty day moving average is $176.68 and its two-hundred day moving average is $180.25. The firm has a market capitalization of $24.40 billion, a PE ratio of 46.19, a PEG ratio of 0.54 and a beta of 3.29.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%. The business’s revenue was up 114.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, equities research analysts predict that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Chi Cheng sold 27,500 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $164.12, for a total value of $4,513,300.00. Following the transaction, the chief technology officer owned 5,552,397 shares of the company’s stock, valued at approximately $911,259,395.64. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Fleming sold 7,580 shares of the stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $212.91, for a total value of $1,613,857.80. Following the completion of the sale, the chief financial officer owned 492,208 shares in the company, valued at $104,796,005.28. This trade represents a 1.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 352,538 shares of company stock worth $67,200,077. Company insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new stake in shares of Credo Technology Group in the second quarter worth $27,000. Hoey Investments Inc. bought a new position in shares of Credo Technology Group during the third quarter valued at $31,000. AlphaCentric Advisors LLC purchased a new position in Credo Technology Group in the first quarter worth about $33,000. Burkett Financial Services LLC purchased a new position in Credo Technology Group in the 3rd quarter worth approximately $33,000. Finally, Western Wealth Management LLC purchased a new position in shares of Credo Technology Group in the first quarter worth $38,000. 80.46% of the stock is currently owned by institutional investors.

About Credo Technology Group

(Get Free Report)

Credo Technology Group designs and supplies high-speed connectivity solutions for data infrastructure, including data centers and networking systems. Its products help move data between processors, servers, switches and other equipment used in demanding, high-bandwidth environments. The company’s offerings include active electrical cables, semiconductor and optical digital signal processing products, retimers, and other connectivity components. These solutions are used in applications such as cloud computing and artificial intelligence infrastructure.