New insider activity at Credo Technology Group Holding Ltd ( (CRDO) ) has taken place on September 22, 2025.
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Director Lip Bu Tan has recently sold 20,000 shares of Credo Technology Group Holding Ltd, amounting to a total transaction value of $3,502,400.
Recent Updates on CRDO stock
Credo Technology Group Holding Ltd. (CRDO) experienced a significant price increase of 12.7%, reaching $140.61, following a strong Q1 earnings report that highlighted a 31% sequential and 274% year-over-year revenue growth. Analysts have raised the company’s price targets, citing its robust financial performance, strategic market expansions, and successful diversification of its customer base. William Blair initiated coverage with an Outperform rating, emphasizing the growth potential in the Ethernet active electrical cable business and the optical market. BofA and other firms increased their price targets due to Credo’s impressive “beat and raise” performance, strong guidance, and expectations of sustained core business growth at 25%-30% annually. Despite some challenges like nonlinear growth patterns and inventory increases, the overall sentiment remains positive, supported by the company’s strategic initiatives and promising outlook.
Spark’s Take on CRDO Stock
According to Spark, TipRanks’ AI Analyst, CRDO is a Outperform.
Credo Technology Group’s strong financial performance and positive earnings call outlook are the primary drivers of its stock score. The company’s robust revenue growth and strategic market positioning are significant strengths. However, the high P/E ratio suggests potential overvaluation, and technical indicators point to possible overbought conditions, which could lead to short-term volatility.
To see Spark’s full report on CRDO stock, click here.
More about Credo Technology Group Holding Ltd
YTD Price Performance: 139.05%
Average Trading Volume: 4,969,129
Technical Sentiment Signal: Buy
Current Market Cap: $29.33B