Credo Technology Group Holding Ltd (CRDO)
NASDAQ: CRDO · Real-Time Price · USD
37.70
-2.43 (-6.06%)
At close: Oct 31, 2024, 4:00 PM
38.65
+0.95 (2.52%)
After-hours: Oct 31, 2024, 5:50 PM EDT

CRDO Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for CRDO stock have an average target of 36.56, with a low estimate of 27 and a high estimate of 45. The average target predicts a decrease of -3.02% from the current stock price of 37.70.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $27 $36.56 $38 $45
Change -28.38% -3.02% +0.80% +19.36%

Analyst Ratings

The average analyst rating for CRDO stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating May '24Jun '24Jul '24Aug '24Sep '24Oct '24
Strong Buy 666676
Buy 111112
Hold 000000
Sell 111111
Strong Sell 000000
Total 888899

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Roth MKM
Roth MKM
Strong Buy
Maintains
$35$45
Strong Buy Maintains $35$45 +19.36% Oct 22, 2024
Mizuho
Mizuho
Buy
Maintains
$35$41
Buy Maintains $35$41 +8.75% Oct 14, 2024
Stifel
Stifel
Strong Buy
Maintains
$40$42
Strong Buy Maintains $40$42 +11.41% Oct 9, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$26$31
Strong Buy Maintains $26$31 -17.77% Sep 6, 2024
Craig-Hallum
Craig-Hallum
Strong Buy
Maintains
$30$38
Strong Buy Maintains $30$38 +0.80% Sep 5, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
324.74M
from 192.97M
Increased by 68.29%
Revenue Next Year
495.01M
from 324.74M
Increased by 52.43%
EPS This Year
0.37
from -0.18
EPS Next Year
0.76
from 0.37
Increased by 108.59%
Fiscal Year FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
Period Ending Apr 30, 2020 Apr 30, 2021 Apr 30, 2022 Apr 29, 2023 Apr 27, 2024 Apr 27, 2025 Apr 27, 2026 Apr 27, 2027
Revenue
53.84M58.70M106.48M184.19M192.97M324.74M495.01M643.55M
Revenue Growth
-9.03%81.40%72.99%4.76%68.29%52.43%30.01%
EPS
--0.40-0.25-0.11-0.180.370.761.10
EPS Growth
------108.59%44.79%
Forward PE
-----103.0449.4034.12
No. Analysts -----14146
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202520262027
High 341.2M 561.4M 744.5M
Avg 324.7M 495.0M 643.6M
Low 303.0M 430.0M 553.8M

Revenue Growth

Revenue Growth 202520262027
High
76.8%
72.9%
50.4%
Avg
68.3%
52.4%
30.0%
Low
57.0%
32.4%
11.9%

EPS Forecast

EPS 202520262027
High 0.50 1.08 1.34
Avg 0.37 0.76 1.10
Low 0.30 0.60 0.88

EPS Growth

EPS Growth 202520262027
High -
195.6%
76.1%
Avg -
108.6%
44.8%
Low -
63.4%
15.6%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.