https://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CRDO
Jun 30
6:55 PM ET
$271.95
10.69% at Close·$273.95
0.74% After HoursCredo Technology Group surged over 10%, outperforming the broader tech sector (XLK up ~2.5%) and the S&P 500, as a confluence of catalysts drove renewed investor enthusiasm. The rally was fueled by a broad technology market recovery led by the Nasdaq's 2%+ gain, alongside a resurfaced Intel CEO clip endorsing Credo's interconnect technology, multiple analyst price target upgrades—including Bank of America raising its target to $340 and Stifel lifting to $350—and strong Q4 earnings that showed 157% year-over-year revenue growth. Adding a structural tailwind, Credo was removed from the Russell 2000 and added to the Russell 1000 Growth and Russell Midcap Growth benchmarks, prompting forced institutional buying; in after-hours, shares extended gains modestly to ~$273.56.
Jun 29
$245.68
3.23%Credo Technology Group rose sharply, buoyed by a broad tech sector rebound after the U.S. and Iran agreed to halt military strikes in the Strait of Hormuz, easing geopolitical fears that had rattled markets last week. The move also follows a notable index reshuffle — CRDO was dropped from the Russell 2000 and added to the Russell 1000 Growth and Russell Midcap Growth benchmarks — reflecting the company's significant market cap expansion driven by explosive 157% year-over-year revenue growth and a blowout Q4 earnings beat ($1.16 EPS vs. $1.02 est.). Bank of America analyst Vivek Arya recently raised his price target to $340, citing continued hyperscaler demand for Credo's active electrical cables and an expanding optical DSP product roadmap.
Jun 26
$238.00
11.20%Credo Technology tumbled amid a sweeping global AI tech selloff, driven by fears that rising chip component costs — highlighted by Apple's decision to hike product prices citing higher memory costs — could compress margins across the AI supply chain. The broader rout was compounded by hawkish Fed rate hike fears, concerns over lofty AI valuations, and a Seeking Alpha downgrade to Sell following CRDO's recent 50% rally, with volume surging nearly 5x the average as investors reassessed the AI connectivity trade.
Jun 25
$268.03
0.36%Credo Technology Group closed slightly lower amid a mixed session for tech stocks, even as a wave of bullish analyst activity this week reinforced the AI connectivity narrative. B of A Securities, Stifel, and Evercore ISI all raised price targets to $340, $350, and $325 respectively following Credo's blowout Q4 results — 157% year-over-year revenue growth to $437M — and its DustPhotonics acquisition bolstering its optical portfolio. A Seeking Alpha downgrade to Sell and an insider share sale by CTO Chi Fung Cheng (~$7.5M) added near-term caution, while broader tech faced headwinds from valuation concerns and a hawkish Fed outlook.
Jun 24
$268.99
1.11%Credo Technology declined modestly on Tuesday amid a broad, sector-wide tech selloff driven by AI valuation concerns and a global semiconductor sell-off—with the Information Technology sector falling nearly 4% and the Philadelphia Semiconductor Index tumbling ~8%. The pullback stands in contrast to a wave of bullish analyst activity: Stifel set a $350 price target, Evercore ISI raised its target to $325, and BofA lifted its to $340, all citing the company's optical interconnect growth story and its DustPhotonics acquisition. Adding a countervailing note, a Seeking Alpha piece downgraded CRDO to Sell after its ~50% recent rally, flagging valuation risk at ~35x forward sales. In after-hours trading, shares are surging over 5%, potentially reflecting a broader tech rebound ahead of Micron's earnings report and improving sentiment around AI infrastructure spending.
Jun 23
$272.01
10.09%Credo Technology tumbled sharply, dragged down by a broad global tech and semiconductor selloff that sent the Nasdaq down ~2% as investors reassessed AI spending valuations and priced in rising odds of a Fed rate hike. The decline came just a session after CRDO surged 11% on June 22 to close at $302.52, fueled by analyst target raises — including BofA lifting its target to $340 — and renewed optimism around its optical interconnect business following DustPhotonics' acquisition and fiscal 2026 revenue that tripled year-over-year. In after-hours trading, shares are recovering modestly, up ~1.1% to $275, as the broader selloff recedes.
Jun 22
$302.52
11.29%Credo Technology surged 11.29%, touching a new 52-week high of $308.67, driven by a wave of bullish analyst activity on Monday. Evercore ISI initiated coverage with an Outperform rating and $325 price target, while Stifel raised its price target from $250 to $350 maintaining its Buy rating — both well above the prior median Street target. The analyst enthusiasm reflects continued conviction in Credo's AI data-center interconnect story, anchored by its fiscal Q4 earnings beat (revenue up 157% YoY), the completed DustPhotonics acquisition expanding its optical portfolio, and BNP Paribas framing its total addressable market surpassing $10 billion as agentic AI accelerates hyperscaler network builds.
Jun 18
$271.83
9.02%Credo Technology surged after reporting blowout Q4 FY2026 results, with revenue of $437 million surpassing expectations and growing over 157% year-over-year, alongside raised guidance on both revenue and gross margins. The rally — which pushed shares to a fresh 52-week high of $274.90 and closed up ~9% — came despite initial post-earnings selling pressure, as investors refocused on Credo's positioning as a key AI infrastructure connectivity provider, with its optical transition expected to drive over 80% revenue growth in FY2027. The broader semiconductor sector also provided tailwinds, with chips broadly higher on the day as the US-Iran peace deal eased macro uncertainty.
Jun 17
$249.33
4.24%Credo Technology closed sharply higher, outperforming the broader tech sector which retreated amid a hawkish Fed signal, as the Philadelphia Semiconductor Index surged on AI infrastructure optimism and easing Middle East tensions. The stock has rallied over 130% in three months, fueled by AI data center connectivity demand and its April acquisition of DustPhotonics for ~$1.3B, expanding Credo into silicon photonics—yet a Seeking Alpha analyst downgraded shares to Hold, citing an 18x forward EV/revenue multiple, plateauing sequential growth, and execution risk as the company pivots from proven copper AEC products to unproven optical revenue.
Jun 16
$239.18
7.80%Credo Technology tumbled sharply even as the broader technology sector faced its own headwinds, with semiconductors underperforming amid apparent sector rotation following the prior session's US-Iran peace deal rally. A Seeking Alpha analyst maintained only a 'Hold' rating on Credo at record-high levels, noting valuation concerns after a strong run from $135. Adding to the pressure, CFO Daniel W. Fleming sold nearly $10 million in shares on June 10, which may have weighed on investor sentiment. The stock had surged 21% in the prior week alone, making it vulnerable to profit-taking.
Jun 15
$259.41
3.43%Credo Technology gained strongly, riding a broad AI semiconductor rally sparked by the U.S.-Iran interim peace deal, which sent oil prices sharply lower and lifted tech valuations on easing inflation fears. The move extended a powerful post-earnings run — Credo reported Q4 fiscal 2026 revenue of $437M (up 157% YoY), beat EPS estimates at $1.16 vs. $1.02 expected, and completed its DustPhotonics acquisition to bolster its silicon photonics and optical connectivity portfolio ahead of fiscal 2027 targets. Shares slipped modestly in after-hours as investors weighed rich valuations, insider selling, and the upcoming June 17 FOMC meeting under new Fed Chair Kevin Warsh.
Jun 12
$250.81
5.27%Credo Technology tumbled despite reporting blowout fiscal Q4 2026 earnings, with revenue of $407M representing 201% year-over-year growth and raised guidance — a classic 'sell the news' reaction in a high-valuation AI infrastructure name. The disconnect between strong fundamentals and the steep decline was compounded by a Seeking Alpha analyst downgrade to Hold and an insider sale of ~$7.1M worth of shares by CTO Chi Fung Cheng on June 9, weighing on sentiment even as the broader market rallied on U.S.-Iran peace deal optimism and falling oil prices. Analyst price targets remain widely dispersed, ranging from $215 to $290, reflecting uncertainty about valuation at current elevated levels.
Jun 11
$264.76
11.39%Credo Technology surged over 11% to close near its 52-week high, extending a strong run fueled by its blockbuster Q4 FY2026 earnings—revenue of $437M, up 157% year-over-year—and bullish analyst upgrades including Roth Capital's $300 price target and Jefferies' $270 target. The broader market rally helped, as easing U.S.-Iran tensions lifted the Nasdaq more than 2.5% on Thursday. Investors are also focusing on Credo's optical growth story, with its DustPhotonics acquisition now closed and management projecting over $600M in optical revenue for FY2027, reinforcing its position as a key AI data center connectivity play.
Jun 10
$237.68
1.43%Credo Technology rose amid heavy volatility—trading in a wide $225–$261 intraday range on nearly double average volume—as investors weighed a powerful post-earnings rally against a sector-wide tech selloff. The stock gained after its Q4 report (157% revenue growth, $1.16 EPS beat) and the June 8 acquisition of DustPhotonics to bolster its optical business, with 15+ analysts raising price targets to a $248 average. However, the broader tech tape was under intense pressure from a 4.2% CPI print and escalating U.S.-Iran tensions, dragging the XLK ETF down sharply, and after-hours selling pushed CRDO back below $233.
Jun 9
$234.32
5.42%Credo Technology Group surged on Tuesday, recovering strongly from post-earnings volatility after delivering a blockbuster fiscal Q4 — revenue of $437 million surged 157% year-over-year, with EPS of $1.16 beating the $1.02 consensus. The move came against a difficult backdrop: broader tech sold off sharply on the day, with the Nasdaq falling ~1% amid AI valuation concerns, a chip-sector selloff, and geopolitical tensions. Yet CRDO bucked the trend as institutional conviction deepened — Bank of America lifted its target to $252, Mizuho to $290, Roth MKM to $300, and Needham to $275 — while Bank of New York Mellon and Clearbridge both increased stakes. Investors are now watching heavy insider selling, including CEO William Brennan's $12M share sale on June 5, for signs of caution near the stock's 52-week highs.
Jun 8
$222.27
7.43%Credo Technology surged over 7%, rebounding sharply as AI infrastructure stocks broadly recovered from Friday's tech-led rout, with the Philadelphia Semiconductor Index gaining ~6% on Monday. The rally builds on a backdrop of strong FY26 Q4 results — revenue up 157% YoY to $437M — and multiple analyst target hikes, including Roth Capital raising its target to $300 and Bank of America lifting its target to $252, both maintaining Buy ratings. Analyst enthusiasm centers on Credo's expanding role in high-speed AI data center connectivity and its optical business ramp, bolstered by the April acquisition of DustPhotonics, which the company expects will help its optical portfolio exceed $500M in FY27 revenue.
Jun 5
$206.89
4.88%Credo Technology fell nearly 5% Friday as a broad semiconductor selloff — sparked by Broadcom's disappointing AI chip outlook — compounded post-earnings profit-taking following its own fiscal Q4 beat. Despite reporting 157% revenue growth to $437M and issuing above-consensus Q1 FY27 guidance of $465–$475M, shares have faced persistent pressure since the June 1 earnings release, as investors viewed the guidance as only a marginal beat given the stock's steep prior run. Multiple analysts raised price targets post-earnings (Roth Capital to $300, Mizuho to $290, Jefferies to $270), but valuation concerns and sector-wide AI sentiment fatigue continue to weigh; shares are extending losses in after-hours, down an additional ~2%.
Jun 4
$217.50
1.35%Credo Technology closed modestly higher, recovering from a steep post-earnings selloff as investors reassessed an otherwise impressive fiscal Q4 report. The company delivered $437M in revenue—up 157% year-over-year—and EPS of $1.16, both topping estimates, while Q1 FY27 guidance of $465–$475M also beat consensus. Despite the initial ~12% after-hours drop on valuation concerns, a wave of analyst upgrades followed, with Mizuho raising its target to $290, Needham to $275, Jefferies to $270, and Roth Capital to $300, all reiterating Buy ratings. Shares are slipping ~1.9% in after-hours, pressured alongside broader tech weakness after Broadcom's AI guidance disappointed.
Jun 2
$229.00
1.28%Credo Technology closed modestly higher after recovering from a steep after-hours selloff triggered by its fiscal Q4 2026 earnings report, which beat on all metrics — revenue surged 157% YoY to $437M, EPS of $1.16 topped estimates, and Q1 FY2027 guidance of $465–$475M came in above consensus — yet shares initially plunged over 12% after hours as investors focused on decelerating AEC/copper revenue growth and high expectations following a 275%+ rally over the past year. The stock swung dramatically intraday, touching a low of $210.72 before recovering to close at $229.00, as a wave of analyst target hikes — including Roth Capital to $300, Jefferies to $270, Mizuho to $290, and JP Morgan to $250 — reinforced the bull case for Credo as a core AI infrastructure connectivity play.
Jun 1
$226.10
4.21%Credo Technology fell sharply in the regular session and extended the losses dramatically in after-hours trading following its fiscal Q4 2026 earnings report, despite delivering a clean beat across the board. The company posted adjusted EPS of $1.16 (vs. $1.03 estimate), revenue of $437M (+157% YoY), and Q1 FY27 guidance of $465M–$475M, modestly above consensus — yet shares tumbled roughly 12% after hours, a "priced for perfection" reaction as some investors felt the high-valuation stock left little room for anything short of a blowout. Full-year FY2026 revenue tripled to $1.3B and the company guided for over 80% growth in FY2027, driven by its expanding optical portfolio including the recently completed DustPhotonics acquisition. Analyst sentiment remains broadly bullish, with 90%+ Buy ratings, though the after-hours selloff reflects valuation concerns at elevated multiples.
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