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CRDO −5.94% today · Analysis updated Nov 13, 2026, 4:46 PM ET
Why is Credo Technology Group Holding Ltd (CRDO) stock down today?
CRDO is still in a deep, volatile drawdown. It is about 40% lower over one month and about 57% below its $308.67 peak from Jun 22. After a rebound to $141.41 on Nov 11 and $139.81 on Nov 12, it reversed on Nov 13. It hit $141 and then $126.26, and recent data show it near $131.51 on 6.4M shares. The $125.80 area and the Nov 5 low of $112.33 are close by. Fundamentals remain strong: trailing revenue is $1.59B, net margin is about 34%, and Q1 FY27 revenue rose 114.7%. Analysts are overwhelmingly Buy-rated, with a cited target near $284. Valuation has compressed to a P/E of about 30-50. Offsetting this are $405.7M of insider selling over 12 months, a beta above 3, and a price below its 50-day and 200-day averages. The Q2 FY27 results are due around Dec 1-2, so no scheduled company catalyst falls inside the next week. The recent moves look driven by sector sentiment toward AI connectivity rather than any company-specific news.
News behind the analysis
- Credo Technology (CRDO) Stock Price Prediction: Momentum cools after a sharp bounceNotes strong year-over-year fundamentals and a 12-month analyst target of $284.05. Cites $131.44 as the nearest line to hold, with stronger support at $125.80.
- Credo Technology Group Holding Ltd (CRDO) Shares Rally 10% Amid Tech Sector UpswingCRDO rose over 10% to $132.89 on Nov 9 as semiconductor and AI-connectivity stocks rallied. This followed a decline of nearly 37% over the prior month.
- Credo Technology Group Holding Ltd (CRDO) Stock Up 10.3% and Still UndervaluedGuruFocus puts CRDO 53.7% below its GF Value of $287.29. It also flags $405.7M of insider selling over 12 months with no buying.
- A Look at Credo Technology (CRDO) After 8.9% Gain -- GF Value $288.26 vs Price $141.41Shares rose 8.9% to $141.41 on Nov 11. GuruFocus estimates they trade about 50.9% below its fair value estimate.
- Credo Technology (CRDO) Stock Price & AnalysisShows a beta of 3.25, a P/E of about 49.6 and a profit margin of 33.83%. The stock is 54.7% below its 52-week high.
- CRDO Stock Price and Chart — TradingViewLists recent headlines, including the Q2 FY27 earnings call schedule and a 10.8% climb alongside AI connectivity names. The all-time high was $308.67 on Jun 22, 2026.
- Credo Technology Group Holding Ltd (CRDO) Stock Price: Nov 12 Close $139.81Technical data show the price below its 50-day and 200-day averages, with RSI at 43.12. Analyst consensus is Buy.
- Credo Technology Group (CRDO) Stock Price & NewsShows a 1-month return of -40.06% and an estimated earnings date of Dec 2, 2026.
- Credo Technology Group Holding Ltd (CRDO) Live Share PriceLists a Nov 4 announcement that Credo and Oracle contributed optical telemetry work approved by the Open Compute Project Community.
About Credo Technology Group Holding Ltd Ordinary Shares
Credo Technology is a San Jose-based chip and connectivity company. Its products carry data at high speed between servers, switches and AI accelerators in large data centers. It is best known for active electrical cables (AECs), copper cables with built-in chips that it pitches as a cheaper, lower-power alternative to optical links over short distances.
How it makes money
Most of its revenue comes from selling products, mainly active electrical cables, plus optical DSP chips, PCIe retimers and line-card PHY chips. A small share comes from licensing its SerDes chip designs (IP). Revenue roughly tripled to about $1.3 billion in fiscal 2026 (year ended May 2026), driven by AI data-center build-outs at hyperscalers. Sales are highly concentrated: its top 10 customers made up about 90% of revenue.
What usually moves CRDO
- Hyperscaler AI data-center capital spending
- Orders from a few large customers
- Adoption of AECs versus optical links
- Gross margins and quarterly guidance
- Shift to next-generation 800G and 1.6T speeds