Credo Technology Group Holding Ltd (CRDO)

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 -14.92% from the current stock price of 42.97.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$27	$36.56	$38	$45
Change	-37.17%	-14.92%	-11.57%	+4.72%

* Price targets were last updated on Oct 22, 2024.

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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	6	6	6	7	6	6
Buy	1	1	1	1	2	2
Hold	0	0	0	0	0	0
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	8	8	8	9	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Suji Desilva Roth MKM	Roth MKM	Strong Buy Maintains $35 → $45	Strong Buy	Maintains	$35 → $45	+4.72%	Oct 22, 2024
Vijay Rakesh Mizuho	Mizuho	Buy Maintains $35 → $41	Buy	Maintains	$35 → $41	-4.58%	Oct 14, 2024
Tore Svanberg Stifel	Stifel	Strong Buy Maintains $40 → $42	Strong Buy	Maintains	$40 → $42	-2.26%	Oct 9, 2024
Toshiya Hari Goldman Sachs	Goldman Sachs	Strong Buy Maintains $26 → $31	Strong Buy	Maintains	$26 → $31	-27.86%	Sep 6, 2024
Richard Shannon Craig-Hallum	Craig-Hallum	Strong Buy Maintains $30 → $38	Strong Buy	Maintains	$30 → $38	-11.57%	Sep 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

324.74M

Increased by 68.29%

from 192.97M

Revenue Next Year

500.50M

Increased by 54.12%

from 324.74M

EPS This Year

0.36

from -0.18

EPS Next Year

0.79

Increased by 116.10%

from 0.36

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	53.84M	58.70M	106.48M	184.19M	192.97M	324.74M	500.50M	655.02M
Revenue Growth	-	9.03%	81.40%	72.99%	4.76%	68.29%	54.12%	30.87%
EPS	-	-0.40	-0.25	-0.11	-0.18	0.36	0.79	1.15
EPS Growth	-	-	-	-	-	-	116.10%	45.97%
Forward PE	-	-	-	-	-	117.86	54.54	37.36
No. Analysts	-	-	-	-	-	14	14	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	341.2M	561.4M	744.5M
Avg	324.7M	500.5M	655.0M
Low	303.0M	430.0M	553.8M

Revenue Growth

Revenue Growth	2025	2026	2027
High	76.8%	72.9%	48.7%
Avg	68.3%	54.1%	30.9%
Low	57.0%	32.4%	10.7%

EPS Forecast

EPS	2025	2026	2027
High	0.41	0.93	1.20
Avg	0.36	0.79	1.15
Low	0.31	0.60	1.09

EPS Growth

EPS Growth	2025	2026	2027
High	-	155.2%	52.6%
Avg	-	116.1%	46.0%
Low	-	64.0%	38.1%

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.