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Credo Technology Group (CRDO) Stock Forecast, Price Target & Predictions

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CRDO Stock Forecast

Credo Technology Group (CRDO) stock forecast, based on 7 Wall Street analysts, predicts a 12-month average price target of $56.86, with a high of $85.00 and a low of $32.00. This represents a -3.28% decline from the last price of $58.79.

$15 $29 $43 $57 $71 $85 High: $85 Avg: $56.86 Low: $32 Last Closed Price: $58.79

CRDO Stock Rating

Credo Technology Group stock's rating consensus is Buy, based on 7 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 6 Buy (85.71%), 1 Hold (14.29%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 7 0 1 6 Strong Sell Sell Hold Buy Strong Buy

CRDO Forecast vs Benchmarks

TypeNameUpside
StockCredo Technology Group-3.28%
SectorTechnology Stocks 13.03%

Price Target Trends

1M3M12M
# Anlaysts3517
Avg Price Target$83.33$75.80$47.65
Last Closing Price$58.79$58.79$58.79
Upside/Downside41.74%28.93%-18.95%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25571--13
Dec, 24571-114
Nov, 2459-1116
Oct, 2459-1116
Sep, 2459-1116
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 10, 2025Vijay RakeshMizuho Securities$85.00$73.8015.18%44.58%
Jan 08, 2025Tore SvanbergStifel Nicolaus$85.00$73.0216.41%44.58%
Jan 06, 2025Tore SvanbergStifel Nicolaus$80.00$76.175.03%36.08%
Dec 17, 2024Christopher RollandSusquehanna$80.00$66.2620.74%36.08%
Dec 02, 2024Vijay RakeshMizuho Securities$49.00$47.882.34%-16.65%
Oct 22, 2024Suji DesilvaSummit Redstone Partners$45.00$38.7916.01%-23.46%
Oct 14, 2024Vijay RakeshMizuho Securities$41.00$38.267.16%-30.26%
Oct 09, 2024Tore SvanbergStifel Nicolaus$42.00$33.7124.59%-28.56%
Sep 05, 2024Richard ShannonCraig-Hallum$38.00$31.3021.41%-35.36%
Sep 05, 2024Quinn BoltonNeedham$33.00$25.8427.71%-43.87%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Dec 17, 2024SusquehannaNeutralinitialise
Dec 03, 2024Bank of America SecuritiesUnderperformBuyupgrade
Sep 16, 2024Cowen & Co.BuyBuyhold
Sep 05, 2024Craig-HallumBuyBuyhold
Sep 05, 2024NeedhamBuyBuyhold
Sep 05, 2024BarclaysOverweightOverweighthold
Jul 15, 2024Cowen & Co.BuyBuyhold
Jun 25, 2024Cowen & Co.OutperformBuyupgrade
May 30, 2024NeedhamBuyBuyhold
May 30, 2024BarclaysOverweightOverweighthold

Financial Forecast

EPS Forecast

Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Apr 27 Apr 28
Apr 22Apr 23Apr 24Apr 25Apr 26Apr 27Apr 28
Reported$-0.25$-0.11$-0.18----
Avg Forecast$-0.12$0.06$0.07$0.49$1.01$1.44$2.27
High Forecast$-0.13$0.05$0.06$0.47$0.94$1.08$2.18
Low Forecast$-0.11$0.06$0.08$0.51$1.08$1.86$2.56
Surprise %108.33%-283.33%-357.14%----

Revenue Forecast

$0 $300M $600M $900M $1B $2B Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Apr 27 Apr 28
Apr 22Apr 23Apr 24Apr 25Apr 26Apr 27Apr 28
Reported$106.48M$184.19M$192.97M----
Avg Forecast$105.34M$183.40M$194.17M$398.04M$639.19M$815.77M$1.09B
High Forecast$100.80M$178.01M$188.47M$395.21M$631.61M$803.18M$1.06B
Low Forecast$109.48M$201.49M$213.33M$400.87M$646.76M$828.35M$1.20B
Surprise %1.08%0.43%-0.62%----

Net Income Forecast

$-50M $40M $130M $220M $310M $400M Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Apr 27 Apr 28
Apr 22Apr 23Apr 24Apr 25Apr 26Apr 27Apr 28
Reported$-22.18M$-16.55M$-28.37M----
Avg Forecast$-18.61M$9.00M$11.03M$76.11M$157.27M$176.29M$351.28M
High Forecast$-19.56M$8.29M$9.45M$73.07M$146.45M$167.33M$337.87M
Low Forecast$-17.57M$9.72M$12.60M$79.16M$168.08M$289.20M$396.33M
Surprise %19.16%-283.77%-357.31%----

CRDO Forecast FAQ

Is Credo Technology Group stock a buy?

Credo Technology Group stock has a consensus rating of Buy, based on 7 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 6 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Credo Technology Group is a favorable investment for most analysts.

What is Credo Technology Group's price target?

Credo Technology Group's price target, set by 7 Wall Street analysts, averages $56.86 over the next 12 months. The price target range spans from $32 at the low end to $85 at the high end, suggesting a potential -3.28% change from the previous close price of $58.79.

How does Credo Technology Group stock forecast compare to the average forecast of its sector, industry, and investment themes?

Credo Technology Group stock forecast shows a -3.28% downside, underperforming the average forecast for the technology stocks sector (13.03%).

What is the breakdown of analyst ratings for Credo Technology Group over the past three months?

  • January 2025: 38.46% Strong Buy, 53.85% Buy, 7.69% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 35.71% Strong Buy, 50.00% Buy, 7.14% Hold, 0% Sell, 7.14% Strong Sell.
  • November 2024: 31.25% Strong Buy, 56.25% Buy, 0% Hold, 6.25% Sell, 6.25% Strong Sell.

What is Credo Technology Group’s EPS forecast?

Credo Technology Group's average annual EPS forecast for its fiscal year ending in April is 0.49 for 2025, a -372.22% decrease from the reported $-0.18 in 2024. The prediction for 2026 is $1.01, $1.44 for 2027, and $2.27 for 2028.

What is Credo Technology Group’s revenue forecast?

Credo Technology Group's average annual revenue forecast for its fiscal year ending in April is $398.04M for 2025, a 106.27% increase from the reported $192.97M in 2024. The forecast for 2026 is $639.19M, $815.77M for 2027, and $1.09B for 2028.

What is Credo Technology Group’s net income forecast?

For its fiscal year ending in April, Credo Technology Group's average annual net income forecast is $76.11M for 2025, reflecting a -368.29% decrease from the reported $-28.369M in 2024. The projection for 2026 is $157.27M, $176.29M for 2027, and $351.28M for 2028.