Credo Technology Group Holding Ltd (CRDO)
NASDAQ: CRDO · IEX Real-Time Price · USD
31.35
+0.13 (0.42%)
At close: Jul 2, 2024, 4:00 PM
31.55
+0.20 (0.64%)
After-hours: Jul 2, 2024, 6:55 PM EDT
CRDO Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for CRDO stock have an average target of 28.25, with a low estimate of 22 and a high estimate of 35. The average target predicts a decrease of -9.89% from the current stock price of 31.35.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for CRDO stock from 8 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold → Strong Buy Upgrades $24 → $35 | Hold → Strong Buy | Upgrades | $24 → $35 | +11.64% | Jun 25, 2024 |
| Barclays | Barclays | Buy Maintains $23 → $30 | Buy | Maintains | $23 → $30 | -4.31% | May 30, 2024 |
| B of A Securities | B of A Securities | Sell Reiterates $21 → $22 | Sell | Reiterates | $21 → $22 | -29.82% | May 30, 2024 |
| Needham | Needham | Strong Buy Maintains $26 → $29 | Strong Buy | Maintains | $26 → $29 | -7.50% | May 30, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $28 → $30 | Strong Buy | Maintains | $28 → $30 | -4.31% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
318.35M
from 192.97M
Increased by 64.97%
Revenue Next Year
474.87M
from 318.35M
Increased by 49.17%
EPS This Year
0.36
from -0.18
EPS Next Year
0.71
from 0.36
Increased by 99.64%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 334.0M | 542.8M | 690.9M |
| Avg | 318.4M | 474.9M | 607.2M |
| Low | 296.6M | 421.5M | 539.0M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 73.1% | 70.5% | 45.5% |
| Avg | 65.0% | 49.2% | 27.9% |
| Low | 53.7% | 32.4% | 13.5% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.46 | 0.85 | 1.12 |
| Avg | 0.36 | 0.71 | 1.01 |
| Low | 0.30 | 0.53 | 0.88 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | - | 138.2% | 57.6% |
| Avg | - | 99.6% | 42.2% |
| Low | - | 48.2% | 23.8% |
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.