CRDO stock forecast, quote, news & analysis
Credo Technology Group Holding Ltd provides connectivity solutions for AI-driven applications, cloud computing, and hyperscale networks... Show more
Why Credo Technology Group (CRDO) Stock Is Down -24% in the Last 30 Days
Key Takeaways
- CRDO shares fell roughly 24% over the past 30 days, sliding from about $224.63 to $170.57, driven by a sharp post-earnings selloff in early September 2026.
- The decline followed a "beat-and-raise" fiscal Q1 2027 report in which revenue rose about 115% year over year to $479 million and adjusted EPS of $1.20 topped estimates.
- Investors focused on contracting GAAP gross margin, higher operating costs, and heavy customer concentration rather than the strong top-line growth.
- Over the trailing three months the stock is down roughly 17%, even after reaching a 52-week high near $308 earlier in the period.
- Analyst sentiment remains broadly constructive, with a Moderate Buy consensus and no sell ratings, but near-term trading is pressured by margin and valuation concerns.
Credo Technology Group (CRDO) Company Overview and Market Position
Credo Technology Group Holding Ltd is a fabless semiconductor company that designs high-speed connectivity solutions for data infrastructure and AI-driven computing. Its portfolio spans active electrical cables (AECs), optical transceivers, retimers, digital signal processors, SerDes chiplets, and related intellectual-property licensing. The company markets its flagship ZeroFlap architecture, which helps prevent signal "flaps" that can crash AI training and inference workloads, alongside OmniConnect memory solutions and a growing optical business.
Credo operates a fabless model, designing its technology while partnering with manufacturers, which keeps fixed costs and capital spending lower. Its proprietary designs deliver high performance using more mature manufacturing processes, a competitive advantage in cost-sensitive data-center deployments. The company counts several hyperscalers and a growing base of neoclouds among its customers, positioning it squarely within the AI data-center buildout. Investors follow CRDO closely because of its exposure to accelerating AI networking demand and its rapid revenue growth.
Credo Technology Group (CRDO) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, CRDO declined approximately 24%, falling from a closing price of about $224.63 to $170.57. The move was not gradual: the stock traded above $280 intraday in mid-August before a steep single-session drop of roughly 20% in early September following its earnings release, with trading volume spiking well above average.
The broader quarterly picture is also negative but less extreme. Over the trailing three months, the stock is down roughly 17%. That decline masks significant volatility, as shares reached a 52-week high near $308 during the period before giving back those gains. On a longer horizon the stock remains positive, up roughly 18% year to date and about 27% over the trailing 12 months, reflecting a high-beta, momentum-driven trading profile.
What Drove CRDO Stock Price in the Last 30 Days
The dominant catalyst was Credo's fiscal first-quarter 2027 earnings report, released in early September 2026. The company delivered revenue of $479 million, up about 115% year over year and above consensus, with adjusted diluted EPS of $1.20, up roughly 131% from $0.52 a year earlier. Management also guided second-quarter revenue to a range of $525 million to $535 million, ahead of expectations.
Despite the beat-and-raise, shares sold off sharply. Investors focused on a decline in GAAP gross margin to 64.5% from 68.2% in the prior quarter, rising operating expenses including stock-based compensation, and elevated customer concentration, with the three largest customers accounting for about 74% of revenue. The stock had also entered the report at elevated valuation multiples, leaving little room for any perceived blemish. The selloff came despite continued strength in AEC shipments to five hyperscalers and progress in the optical business, including the August 2026 acquisition of DustPhotonics and a partnership with Oracle on ZeroFlap technology.
What Drove CRDO Stock Performance Over the Last Quarter
Over the trailing quarter, CRDO's story has been defined by strong fundamentals colliding with demanding expectations. The company posted its seventh consecutive quarter of triple-digit year-over-year revenue growth, expanded its optical footprint, and benefited from the ongoing AI data-center buildout, which propelled shares to a 52-week high near $308.
However, as the quarter progressed, investor attention shifted toward the durability of that growth, margin sustainability, and concentration risk. Rising operating costs, a large goodwill balance following the DustPhotonics acquisition, and notable insider selling added to the caution. The resulting pullback reflects a broader re-rating of high-multiple AI-adjacent semiconductor names, even for companies delivering exceptional revenue growth.
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CRDO Stock Forecast Drivers: What Investors Should Watch Next
Several factors are likely to shape CRDO's next chapter. First, investors will scrutinize margin trends, particularly whether GAAP gross margin stabilizes and whether rising operating expenses and stock-based compensation begin to moderate. Second, customer diversification will remain in focus, given the concentration among a handful of hyperscaler accounts.
The pace of the optical revenue ramp is another key variable, with management targeting roughly $600 million in optical revenue as a medium-term driver. Broader AI capital-expenditure trends, hyperscaler spending patterns, and competitive dynamics in connectivity silicon will also influence sentiment. Finally, analyst price-target revisions and any signs of reaccelerating demand heading into the next earnings cycle could determine whether the recent selloff marks a reset or the start of a longer repricing.
Disclaimer
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CRDO's RSI Indicator is sitting in oversold zone for 2 days
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CRDO advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .
CRDO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 249 cases where CRDO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 21, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CRDO as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CRDO turned negative on August 21, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
CRDO moved below its 50-day moving average on August 28, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CRDO crossed bearishly below the 50-day moving average on August 28, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRDO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CRDO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.751) is normal, around the industry mean (7.279). P/E Ratio (60.060) is within average values for comparable stocks, (156.799). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.628). CRDO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.015). P/S Ratio (20.450) is also within normal values, averaging (54.185).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CRDO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.
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