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 (CRDO) Stock Is Down -24% in the Last 30 Days
Key Takeaways
- CRDO fell roughly 24% over the trailing 30 days, sliding from a $193.87 close on September 23 to $147.29 on October 23.
- The selloff was driven by rising competition in the active electrical cable (AEC) market, margin concerns, slower expected 1.6T adoption, and a broad pullback across AI networking and optical stocks.
- Over the last quarter, the stock is down about 38%, having pulled back sharply from a mid-August all-time-high region.
- Fundamentals remain strong: fiscal Q1 2027 revenue rose 114.7% year over year to $479 million, with non-GAAP EPS of $1.20.
- Wall Street remains broadly bullish, with a consensus Strong Buy rating and an average price target near $284.
- Get more detail on the company's Price Targets, Earnings, and Forecast on dedicated pages.
- Explore Trending AI Robots to see how AI-driven trading systems are positioning across the market.
Credo Technology (CRDO) Company Overview and Market Position
Credo Technology Group Holding Ltd is a Santa Clara, California-based provider of high-speed connectivity solutions for data infrastructure. The company designs and supplies active electrical cables (AECs), optical digital signal processors (DSPs), ZeroFlap optical transceivers, silicon photonics photonic integrated circuits (PICs), PCIe retimers, and SerDes chiplets and IP. Its products connect GPUs, switches, and servers inside AI data centers, spanning "millimeters to kilometers" of connectivity.
Credo's AEC business remains its largest revenue driver, supported by relationships with five hyperscale cloud providers. The company has expanded into optical connectivity, positioning itself as a diversified data-center connectivity supplier competing with players such as Marvell Technology and Broadcom. Investors follow CRDO closely as a leveraged play on AI infrastructure buildouts.
Credo Technology (CRDO) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, CRDO declined approximately 24%, falling from $193.87 on September 23, 2026, to $147.29 at the October 23 close. The move was not a straight line: shares briefly recovered through late September before renewed selling pressure in October pushed the stock to its lowest levels since the summer.
The quarterly picture is steeper. From a $236.50 close in late July, the stock has dropped roughly 38%, and it sits well below its mid-August peak near $283. The decline reflects a sharp de-rating from elevated valuation levels even as reported revenue growth remains above 100% year over year.
What Drove CRDO Stock Price in the Last 30 Days
Several factors converged in October. On October 22, CRDO fell 10.7% as part of a broad AI chip and optical networking selloff that also pressured peers such as Astera Labs and Marvell Technology. The following session, shares dropped another 9.5% after MaxLinear management said it would pursue the AEC cable market, estimating Credo holds 93% to 99% of that segment. Third-party research also flagged limited near-term adoption of next-generation 1.6T AECs, raising questions about the pace of the optical ramp.
Margin concerns compounded the pressure. Credo guided fiscal Q2 GAAP gross margin to 62.9%–64.9%, below the 64.5% reported in fiscal Q1. Insider selling—including a Form 4 showing CEO Bill Brennan sold shares under a Rule 10b5-1 plan—added to the cautious tone.
What Drove CRDO Stock Performance Over the Last Quarter
The quarterly decline traces back to Credo's September 1 earnings report. Despite beating estimates—revenue of $479 million (up 114.7% year over year) and non-GAAP EPS of $1.20—shares fell sharply on September 2 because investors focused on a back-half-loaded optical ramp, heavy customer concentration, and compressing gross margins. The top four customers accounted for 33%, 28%, 13%, and 10% of quarterly revenue.
Several firms trimmed price targets in the aftermath, including Stifel (to $310 from $350), BofA (to $275 from $340), and JPMorgan (to $310 from $335), even as most maintained Buy ratings. Broader AI de-risking and rotation out of richly valued semiconductor names further pressured the stock through October.
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CRDO Stock Forecast Drivers: What Investors Should Watch Next
The next major catalyst is Credo's fiscal Q2 2027 earnings report, expected around early December, where consensus estimates call for revenue near $531 million. Investors will focus on the optical revenue ramp toward the company's $600 million-plus fiscal 2027 target, the timing of 1.6T AEC and optical DSP revenue, and gross margin trajectory.
Beyond earnings, watch competitive developments from MaxLinear, Broadcom, and Astera Labs, customer concentration risk, tariff policy, and the broader trajectory of hyperscaler AI capital spending. These factors will likely determine whether the stock stabilizes or extends its decline.
Disclaimer
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CRDO's RSI Oscillator climbs out of oversold territory
The RSI Oscillator for CRDO moved out of oversold territory on October 26, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 31 similar instances when the indicator left oversold territory. In 28 of the 31 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 47 of 53 cases where CRDO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 89%.
Following a +14.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRDO advanced for three days, in 292 of 332 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.
CRDO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CRDO as a result. In 56 of 67 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 84%.
The Moving Average Convergence Divergence Histogram (MACD) for CRDO turned negative on October 14, 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 44 similar instances when the indicator turned negative. In 31 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 70%.
CRDO moved below its 50-day moving average on October 12, 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 October 15, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 15 of 19 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 79%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
The Aroon Indicator for CRDO entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 33 (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 Valuation Rating of 76 (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 (10.401) is normal, around the industry mean (6.106). P/E Ratio (50.668) is within average values for comparable stocks, (17.186). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.803). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. P/S Ratio (19.342) is also within normal values, averaging (46.468).
The Tickeron Price Growth Rating for this company is 77 (best 1 - 100 worst), indicating slightly worse than average 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 PE Growth Rating for this company is 96 (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 100 (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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