Credo Technology Group Holding Ltd (CRDO)
NASDAQ: CRDO · IEX Real-Time Price · USD
18.89
-0.21 (-1.10%)
At close: May 17, 2024, 4:00 PM
19.35
+0.46 (2.44%)
After-hours: May 17, 2024, 6:38 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 24.40% from the current stock price of 18.89.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $16 $23.5 $26 $30
Change -15.30% +24.40% +37.64% +58.81%
* Price targets were last updated on Apr 15, 2024.

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 Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 666666
Buy 111111
Hold 110000
Sell 111111
Strong Sell 000000
Total 998888

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 +58.81% Apr 15, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$23$26
Strong Buy Maintains $23$26 +37.64% Feb 29, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$23$26
Strong Buy Maintains $23$26 +37.64% Feb 28, 2024
Mizuho
Mizuho
Strong Buy
Reiterates
$28$30
Strong Buy Reiterates $28$30 +58.81% Feb 28, 2024
Needham
Needham
Strong Buy
Maintains
$24$26
Strong Buy Maintains $24$26 +37.64% Feb 28, 2024
More Analyst Ratings

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%
Year 20202021202220232024202520262027
Revenue
53.84M58.70M106.48M184.19M196.38M310.04M441.12M551.82M
Revenue Growth
-9.03%81.40%72.99%6.62%57.88%42.28%25.10%
EPS
--0.40-0.25-0.110.070.340.68-
EPS Growth
-----404.65%97.35%-
No. Analysts ----1414113
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 203.7M 341.3M 546.4M 568.1M
Avg 196.4M 310.0M 441.1M 551.8M
Low 184.4M 263.9M 362.6M 530.2M

Revenue Growth

Revenue Growth 2024202520262027
High
10.6%
73.8%
76.2%
28.8%
Avg
6.6%
57.9%
42.3%
25.1%
Low
0.1%
34.4%
17.0%
20.2%

EPS Forecast

EPS 202420252026
High 0.08 0.46 0.91
Avg 0.07 0.34 0.68
Low 0.04 0.23 0.52

EPS Growth

EPS Growth 202420252026
High -
577.1%
165.3%
Avg -
404.6%
97.3%
Low -
230.4%
50.9%
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.