New insider activity at Credo Technology Group Holding Ltd ( (CRDO) ) has taken place on June 20, 2025.
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Director Lip Bu Tan has sold 54,297 shares of Credo Technology Group Holding Ltd stock, amounting to a total sale value of $4,690,174. Additionally, CLO and Secretary James Laufman has sold 5,000 shares of the same stock, with the transaction valued at $425,350.
Recent Updates on CRDO stock
In the last 24 hours, Credo Technology Group Holding Ltd. has seen significant positive developments, leading to multiple analysts raising their price targets for the company. TD Cowen increased its price target due to Credo’s substantial progress in high-speed connectivity for datacenter AI, highlighting the company’s early and diversifying growth story. Roth Capital also raised its target, citing growing investor confidence in Credo’s diversifying customer opportunities and the expanding AI infrastructure market. BofA raised its target following a strong Q4 performance, driven by broad-based AEC strength and significant contributions from hyperscalers. Credo’s recent earnings call revealed record-breaking revenue growth, strong gross margins, and successful customer diversification, despite challenges like tariffs and rising inventory levels. Overall, the company’s strategic focus on innovative high-speed connectivity solutions and customer expansion is seen as a solid foundation for future 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: 20.67%
Average Trading Volume: 4,966,325
Technical Sentiment Signal: Buy
Current Market Cap: $14.53B