New insider activity at Credo Technology Group Holding Ltd ( (CRDO) ) has taken place on June 18, 2025.
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Director Lip Bu Tan has made a significant move by selling 171,473 shares of Credo Technology Group Holding Ltd stock, amounting to a total of $13,357,488. In a separate transaction, Director Clyde Hosein sold 2,000 shares, with the sale valued at $156,960.
Recent Updates on CRDO stock
In the last 24 hours, Credo Technology Group Holding Ltd. has seen significant positive developments, leading to increased price targets from multiple analysts. TD Cowen raised its price target due to the company’s substantial progress in high-speed connectivity for datacenter AI and its open-ended growth potential. Roth Capital also increased its target, citing growing investor confidence in Credo’s diversifying customer base and AI infrastructure growth opportunities. BofA’s price target hike was driven by Credo’s strong Q4 performance, including a significant revenue beat and robust guidance for the upcoming quarter. The company’s recent earnings call highlighted impressive revenue growth, strong gross margins, and successful customer diversification, although concerns over tariffs and rising inventory levels were noted. Overall, the positive financial performance and strategic wins have positioned Credo for continued growth.
Spark’s Take on CRDO Stock
According to Spark, TipRanks’ AI Analyst, CRDO is a Neutral.
Credo Technology Group’s stock demonstrates strong revenue growth and positive technical momentum, but faces challenges with profitability and cash flow management. The high P/E ratio and customer concentration risks pose valuation concerns. Despite these challenges, the company’s innovations and strategic initiatives provide a positive outlook.
To see Spark’s full report on CRDO stock, click here.
More about Credo Technology Group Holding Ltd
YTD Price Performance: 12.38%
Average Trading Volume: 4,848,118
Technical Sentiment Signal: Buy
Current Market Cap: $13.44B