New insider activity at Credo Technology Group Holding Ltd ( (CRDO) ) has taken place on March 11, 2025.
Director Sylvia Acevedo has sold 32,291 shares of Credo Technology Group Holding Ltd, amounting to a transaction worth $1,343,628.
Recent Updates on CRDO stock
Credo Technology Group Holding Ltd. has experienced significant developments recently, with Susquehanna upgrading its rating to Positive from Neutral due to the company’s growing portfolio in artificial intelligence, despite near-term risks of over-shipment. The stock has seen a decline of 50% from its peak, but the company’s fundamentals are strengthening. Susquehanna also lowered its price target from $80 to $60, citing the need for more visibility into revenue upside across a broader customer base, despite strong AEC product revenue growth. Meanwhile, BofA reduced its price target from $83 to $75, reflecting sector multiple compression, even as they raised future EPS estimates following a solid earnings report. Credo’s recent earnings call highlighted record-breaking revenue growth and advancements in connectivity solutions, although concerns about high customer concentration and dependence on a single hyperscale customer remain. The company is actively working to diversify its revenue streams and expand its customer base.
More about Credo Technology Group Holding Ltd
YTD Price Performance: -38.39%
Average Trading Volume: 5,595,308
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.31B
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