Credo Technology rises as investors lean into AI interconnect growth story

Credo Technology Group Holding Ltd. (CRDO) is up 10.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continuing optimism around Credo’s AI connectivity business after its early-June results showed sharply higher revenue, strong profitability, and above-consensus near-term guidance. This could also be because investors are giving more credit to the company’s push deeper into optical interconnects after its DustPhotonics acquisition, which strengthens its position in higher-speed data center links.

Details:

Credo’s latest quarterly report showed fiscal fourth-quarter revenue of $437 million, up 157% year over year, with the company also guiding the next quarter above prior market expectations.

Management highlighted demand tied to AI infrastructure, especially in active electrical cables and optical products used in large-scale data center networks.

The company completed its acquisition of DustPhotonics in late May, adding silicon photonics technology and expanding its optical portfolio across 800G, 1.6T, and 3.2T interconnect products.

Several analysts raised their price targets after the June 1 earnings release, reinforcing bullish sentiment even after some earlier volatility following the report.

Sources:

SEC, Credo, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CRDO Insider Trading Activity

$CRDO insiders have traded $CRDO stock on the open market 303 times in the past 6 months. Of those trades, 0 have been purchases and 303 have been sales.

Here’s a breakdown of recent trading of $CRDO stock by insiders over the last 6 months:

CHI FUNG CHENG (Chief Technology Officer) has made 0 purchases and 177 sales selling 542,193 shares for an estimated $80,284,277.
WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 97 sales selling 238,246 shares for an estimated $32,954,115.
DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 18 sales selling 61,062 shares for an estimated $12,779,636.
JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 4 sales selling 30,000 shares for an estimated $5,580,575.
SYLVIA ACEVEDO has made 0 purchases and 3 sales selling 4,408 shares for an estimated $816,084.
YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 2 sales selling 6,360 shares for an estimated $645,222.
FARIBA DANESH sold 1,100 shares for an estimated $259,979
PANTAS SUTARDJA, sold 1,875 shares for an estimated $241,256

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$CRDO Hedge Fund Activity

We have seen 434 institutional investors add shares of $CRDO stock to their portfolio, and 438 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CORIENT PRIVATE WEALTH LLC removed 3,596,199 shares (-99.9%) from their portfolio in Q1 2026, for an estimated $337,575,200
PRICE T ROWE ASSOCIATES INC /MD/ removed 2,424,856 shares (-63.6%) from their portfolio in Q1 2026, for an estimated $227,621,232
SRS INVESTMENT MANAGEMENT, LLC added 2,394,163 shares (+2143.8%) to their portfolio in Q1 2026, for an estimated $224,740,080
POINT72 ASSET MANAGEMENT, L.P. added 1,916,943 shares (+34.5%) to their portfolio in Q1 2026, for an estimated $179,943,439
JPMORGAN CHASE & CO removed 1,904,946 shares (-24.7%) from their portfolio in Q4 2025, for an estimated $274,102,679
D. E. SHAW & CO., INC. removed 1,680,028 shares (-51.9%) from their portfolio in Q4 2025, for an estimated $241,739,228
JANUS HENDERSON GROUP PLC added 1,422,391 shares (+841.9%) to their portfolio in Q4 2025, for an estimated $204,667,840

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CRDO Congressional Stock Trading

Members of Congress have traded $CRDO stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CRDO stock by members of Congress over the last 6 months:

SENATOR MARKWAYNE MULLIN sold up to $50,000 on 02/04.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/20.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CRDO Analyst Ratings

Wall Street analysts have issued reports on $CRDO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Rothschild & Co issued a "Buy" rating on 05/01/2026

To track analyst ratings and price targets for $CRDO, check out Quiver Quantitative's $CRDO forecast page.

$CRDO Price Targets

Multiple analysts have issued price targets for $CRDO recently. We have seen 13 analysts offer price targets for $CRDO in the last 6 months, with a median target of $260.0.

Here are some recent targets:

Tore Svanberg from Stifel set a target price of $350.0 on 06/22/2026
Mark Lipacis from Evercore ISI Group set a target price of $325.0 on 06/22/2026
N. Quinn Bolton from Needham set a target price of $275.0 on 06/02/2026
Vijay Rakesh from Mizuho set a target price of $290.0 on 06/02/2026
Mike Genovese from Rosenblatt set a target price of $215.0 on 06/02/2026
Vivek Arya from B of A Securities set a target price of $252.0 on 06/02/2026
Blayne Curtis from Jefferies set a target price of $270.0 on 06/02/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.