New insider activity at Credo Technology Group Holding Ltd ( (CRDO) ) has taken place on September 16, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Director Lip Bu Tan has made a significant move by selling 25,000 shares of Credo Technology Group Holding Ltd, amounting to a total transaction value of $4,049,279.
Recent Updates on CRDO stock
Credo Technology Group Holding Ltd. (CRDO) experienced a significant stock price increase of 12.7% to $140.61 following its impressive Q1 earnings report. The company reported a record revenue growth of 31% sequentially and 274% year-over-year, driven by strong performance in its AEC and optical business segments. Analysts have raised their price targets for Credo, citing the company’s successful expansion into emerging markets, robust guidance, and strategic partnerships. Despite challenges such as nonlinear growth patterns and increased inventory, the overall sentiment remains positive. The company’s strategic initiatives and market positioning are expected to sustain its core business growth at a 25%-30% annual pace over the next few years.
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: 131.19%
Average Trading Volume: 4,989,099
Technical Sentiment Signal: Buy
Current Market Cap: $28.37B