Credo Technology Group Holding Ltd (CRDO)
NASDAQ: CRDO · IEX Real-Time Price · USD
17.78
+0.19 (1.08%)
At close: Apr 24, 2024, 4:00 PM
18.19
+0.41 (2.31%)
After-hours: Apr 24, 2024, 7:36 PM EDT
CRDO Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for CRDO stock have an average target of 23.5, with a low estimate of 16 and a high estimate of 30. The average target predicts an increase of 32.17% from the current stock price of 17.78.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $28 → $30 | Strong Buy | Maintains | $28 → $30 | +68.73% | Apr 15, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $23 → $26 | Strong Buy | Maintains | $23 → $26 | +46.23% | Feb 29, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $23 → $26 | Strong Buy | Maintains | $23 → $26 | +46.23% | Feb 28, 2024 |
| Mizuho | Mizuho | Strong Buy Reiterates $28 → $30 | Strong Buy | Reiterates | $28 → $30 | +68.73% | Feb 28, 2024 |
| Needham | Needham | Strong Buy Maintains $24 → $26 | Strong Buy | Maintains | $24 → $26 | +46.23% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
196.38M
from 184.19M
Increased by 6.62%
Revenue Next Year
310.04M
from 196.38M
Increased by 57.88%
EPS This Year
0.07
from -0.11
EPS Next Year
0.34
from 0.07
Increased by 404.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 203.7M | 341.3M | 546.4M | 920.9M |
| Avg | 196.4M | 310.0M | 441.1M | 894.5M |
| Low | 184.4M | 263.9M | 362.6M | 859.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.6% | 73.8% | 76.2% | 108.8% |
| Avg | 6.6% | 57.9% | 42.3% | 102.8% |
| Low | 0.1% | 34.4% | 17.0% | 94.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.08 | 0.46 | 0.91 | 1.77 |
| Avg | 0.07 | 0.34 | 0.68 | 1.72 |
| Low | 0.04 | 0.23 | 0.52 | 1.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 577.1% | 165.3% | 161.2% |
| Avg | - | 404.6% | 97.3% | 153.7% |
| Low | - | 230.4% | 50.9% | 143.7% |
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.