Credo Technology Group (CRDO) Stock Forecast, Price Target & Predictions
CRDO Stock Forecast
Credo Technology Group stock forecast is as follows: an average price target of $45.57 (represents a -33.48% downside from CRDO’s last price of $68.51) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CRDO Price Target
The average price target for Credo Technology Group (CRDO) is $45.57 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $32.00. This represents a potential -33.48% downside from CRDO's last price of $68.51.
CRDO Analyst Ratings
According to 7 Wall Street analysts, Credo Technology Group's rating consensus is 'Buy'. The analyst rating breakdown for CRDO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (85.71%), 1 'Hold' (14.29%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Credo Technology Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 17, 2024 | Christopher Rolland | Susquehanna | $80.00 | $66.26 | 20.74% | 16.77% |
| Dec 02, 2024 | Vijay Rakesh | Mizuho Securities | $49.00 | $47.88 | 2.34% | -28.48% |
| Oct 22, 2024 | Suji Desilva | Summit Redstone Partners | $45.00 | $38.79 | 16.01% | -34.32% |
| Oct 14, 2024 | Vijay Rakesh | Mizuho Securities | $41.00 | $38.26 | 7.16% | -40.15% |
| Oct 09, 2024 | Tore Svanberg | Stifel Nicolaus | $42.00 | $33.71 | 24.59% | -38.70% |
| Sep 05, 2024 | Richard Shannon | Craig-Hallum | $38.00 | $31.30 | 21.41% | -44.53% |
| Sep 05, 2024 | Quinn Bolton | Needham | $33.00 | $25.84 | 27.73% | -51.83% |
| Sep 05, 2024 | Tom O'Malley | Barclays | $32.00 | $31.30 | 2.24% | -53.29% |
| Sep 03, 2024 | Vijay Rakesh | Mizuho Securities | $35.00 | $31.63 | 10.65% | -48.91% |
| Sep 03, 2024 | Tore Svanberg | Stifel Nicolaus | $40.00 | $34.91 | 14.58% | -41.61% |
| Jul 18, 2024 | Tore Svanberg | Stifel Nicolaus | $36.00 | $30.45 | 18.23% | -47.45% |
| May 30, 2024 | Quinn Bolton | Needham | $29.00 | $20.22 | 43.42% | -57.67% |
| May 30, 2024 | Tom O'Malley | Barclays | $30.00 | $20.22 | 48.37% | -56.21% |
| Apr 15, 2024 | Richard Shannon | Craig-Hallum | $30.00 | $21.23 | 41.34% | -56.21% |
| Jun 01, 2023 | Vijay Rakesh | Mizuho Securities | $18.00 | $16.37 | 9.96% | -73.73% |
| Jul 27, 2022 | Toshiya Hari | Goldman Sachs | $19.00 | $13.98 | 35.91% | -72.27% |
| Jun 02, 2022 | Needham | $15.00 | $10.25 | 46.34% | -78.11% | |
| Apr 26, 2022 | Mizuho Securities | $20.00 | $11.30 | 76.99% | -70.81% |
The latest Credo Technology Group stock forecast, released on Dec 17, 2024 by Christopher Rolland from Susquehanna, set a price target of $80.00, which represents a 20.74% increase from the stock price at the time of the forecast ($66.26), and a 16.77% increase from CRDO last price ($68.51).
Credo Technology Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 14 |
| Avg Price Target | $64.50 | $51.40 | $40.00 |
| Last Closing Price | $68.51 | $68.51 | $68.51 |
| Upside/Downside | -5.85% | -24.97% | -41.61% |
In the current month, the average price target of Credo Technology Group stock is $64.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -5.85% decrease as opposed to Credo Technology Group's last price of $68.51. This month's average price target is up 25.49% compared to last quarter, and up 61.25% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 17, 2024 | Susquehanna | Neutral | Initialise | |
| Dec 03, 2024 | Bank of America Securities | Underperform | Buy | Upgrade |
| Sep 16, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 05, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Sep 05, 2024 | Needham | Buy | Buy | Hold |
| Sep 05, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 15, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 25, 2024 | Cowen & Co. | Outperform | Buy | Upgrade |
| May 30, 2024 | Needham | Buy | Buy | Hold |
| May 30, 2024 | Barclays | Overweight | Overweight | Hold |
| May 30, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| Apr 15, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Feb 28, 2024 | Mizuho Securities | Underperform | Underperform | Hold |
| Feb 28, 2024 | Needham | Buy | Buy | Hold |
| Jan 08, 2024 | Goldman Sachs | Underperform | Underperform | Hold |
| Jan 08, 2024 | Needham | Buy | Buy | Hold |
| Jul 27, 2022 | Goldman Sachs | Neutral | Neutral | Hold |
| Jun 02, 2022 | Needham | Buy | Buy | Hold |
| Feb 23, 2022 | Roth Capital | Buy | Initialise | |
| Feb 22, 2022 | Craig-Hallum | Buy | Initialise | |
| Feb 22, 2022 | Cowen & Co. | Outperform | Initialise | |
| Feb 22, 2022 | Needham | Buy | Initialise | |
| Feb 22, 2022 | Goldman Sachs | Buy | Initialise |
Credo Technology Group's last stock rating was published by Susquehanna on Dec 17, 2024. The company Initialise its CRDO rating from "null" to "Neutral".
Credo Technology Group Financial Forecast
Credo Technology Group Revenue Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $206.50M | $195.10M | $184.39M | $174.13M | $161.10M | $157.01M | $147.37M | $141.52M | $136.79M | $120.31M | $66.81M | $59.48M | $60.82M | $51.91M | $42.66M | $34.27M | $31.26M | $54.35M | $50.74M | $45.70M | $36.35M | $29.66M |
| High Forecast | $208.81M | $197.28M | $186.45M | $176.07M | $162.90M | $158.77M | $149.02M | $143.10M | $138.32M | $121.66M | $67.56M | $59.48M | $60.82M | $51.91M | $44.20M | $34.66M | $31.61M | $54.95M | $52.79M | $47.55M | $37.82M | $30.85M |
| Low Forecast | $206.06M | $194.69M | $183.99M | $173.76M | $160.76M | $156.67M | $147.05M | $141.22M | $136.50M | $120.06M | $66.67M | $59.48M | $60.82M | $51.91M | $41.11M | $34.20M | $31.19M | $54.23M | $49.93M | $44.97M | $35.77M | $29.18M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Credo Technology Group's average Quarter revenue forecast for undefined based on undefined analysts is $NaN, with a low forecast of $NaN, and a high forecast of $NaN. CRDO's average Quarter revenue forecast represents a NaN% decrease compared to the company's last Quarter revenue of $NaN (undefined).
Credo Technology Group EBITDA Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $-25.57M | $-24.16M | $-22.83M | $-21.56M | $-19.95M | $-19.44M | $-18.25M | $-17.52M | $-16.94M | $-14.90M | $-8.27M | $-7.37M | $-7.53M | $-6.43M | $-5.28M | $-4.24M | $-3.87M | $-6.73M | $-6.34M | $-5.71M | $3.29M | $-3.70M |
| High Forecast | $-25.51M | $-24.11M | $-22.78M | $-21.51M | $-19.91M | $-19.40M | $-18.21M | $-17.49M | $-16.90M | $-14.87M | $-8.26M | $-7.37M | $-7.53M | $-6.43M | $-5.09M | $-4.23M | $-3.86M | $-6.72M | $-6.23M | $-5.61M | $3.95M | $-3.64M |
| Low Forecast | $-25.86M | $-24.43M | $-23.09M | $-21.80M | $-20.17M | $-19.66M | $-18.45M | $-17.72M | $-17.13M | $-15.06M | $-8.37M | $-7.37M | $-7.53M | $-6.43M | $-5.47M | $-4.29M | $-3.91M | $-6.80M | $-6.59M | $-5.94M | $2.63M | $-3.85M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
undefined analysts predict CRDO's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Credo Technology Group's previous annual EBITDA (undefined) of $NaN.
Credo Technology Group Net Income Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $61.05M | $57.16M | $53.28M | $50.50M | $42.93M | $41.86M | $39.08M | $37.83M | $35.96M | $29.30M | $8.69M | $6.58M | $8.62M | $4.98M | $-499.46K | $-5.18M | $-6.47M | $6.47M | $5.16M | $4.95M | $-648.00K | $-2.06M |
| High Forecast | $61.93M | $57.99M | $54.05M | $51.23M | $43.55M | $42.47M | $39.65M | $38.38M | $36.48M | $30.93M | $8.81M | $6.62M | $8.64M | $4.99M | $499.46K | $-5.17M | $-6.46M | $6.57M | $5.43M | $5.21M | $-518.40K | $-2.02M |
| Low Forecast | $60.88M | $57.00M | $53.13M | $50.36M | $42.81M | $41.75M | $38.98M | $37.72M | $35.86M | $29.22M | $8.66M | $6.54M | $8.61M | $4.98M | $-1.50M | $-5.25M | $-6.57M | $6.46M | $5.05M | $4.85M | $-777.60K | $-2.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Credo Technology Group's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. CRDO's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Credo Technology Group SG&A Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $70.04M | $66.18M | $62.54M | $59.06M | $54.64M | $53.26M | $49.99M | $48.00M | $46.40M | $40.81M | $22.66M | $20.18M | $20.63M | $17.61M | $14.47M | $11.63M | $10.60M | $18.43M | $17.21M | $15.50M | $12.33M | $10.06M |
| High Forecast | $70.83M | $66.92M | $63.24M | $59.72M | $55.26M | $53.85M | $50.55M | $48.54M | $46.92M | $41.27M | $22.92M | $20.18M | $20.63M | $17.61M | $14.99M | $11.76M | $10.72M | $18.64M | $17.91M | $16.13M | $12.83M | $10.47M |
| Low Forecast | $69.89M | $66.04M | $62.41M | $58.94M | $54.53M | $53.14M | $49.88M | $47.90M | $46.30M | $40.72M | $22.61M | $20.18M | $20.63M | $17.61M | $13.95M | $11.60M | $10.58M | $18.39M | $16.93M | $15.25M | $12.13M | $9.90M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Credo Technology Group's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to CRDO last annual SG&A of $NaN (undefined).
Credo Technology Group EPS Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 5 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $0.37 | $0.34 | $0.32 | $0.30 | $0.26 | $0.25 | $0.23 | $0.23 | $0.22 | $0.18 | $0.05 | $0.04 | $0.05 | $0.03 | $-0.00 | $-0.03 | $-0.04 | $0.04 | $0.03 | $0.03 | - | $-0.01 |
| High Forecast | $0.37 | $0.35 | $0.32 | $0.31 | $0.26 | $0.26 | $0.24 | $0.23 | $0.22 | $0.19 | $0.05 | $0.04 | $0.05 | $0.03 | - | $-0.03 | $-0.04 | $0.04 | $0.03 | $0.03 | - | $-0.01 |
| Low Forecast | $0.37 | $0.34 | $0.32 | $0.30 | $0.26 | $0.25 | $0.23 | $0.23 | $0.22 | $0.18 | $0.05 | $0.04 | $0.05 | $0.03 | $-0.01 | $-0.03 | $-0.04 | $0.04 | $0.03 | $0.03 | - | $-0.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
According to undefined Wall Street analysts, Credo Technology Group's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to CRDO previous annual EPS of $NaN (undefined).
Credo Technology Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CLFD | Clearfield | $31.96 | $48.00 | 50.19% | Buy |
| NOK | Nokia Oyj | $4.48 | $6.35 | 41.74% | Buy |
| EXTR | Extreme Networks | $18.12 | $21.00 | 15.89% | Buy |
| CSCO | Cisco Systems | $58.52 | $60.19 | 2.85% | Buy |
| INFN | Infinera | $6.60 | $6.65 | 0.76% | Hold |
| VIAV | Viavi Solutions | $10.52 | $10.53 | 0.10% | Hold |
| ZBRA | Zebra | $395.00 | $379.00 | -4.05% | Buy |
| MSI | Motorola Solutions | $461.75 | $440.00 | -4.71% | Buy |
| JNPR | Juniper Networks | $37.66 | $34.00 | -9.72% | Buy |
| CIEN | Ciena | $88.14 | $65.86 | -25.28% | Buy |
| LITE | Lumentum | $88.92 | $59.13 | -33.50% | Buy |
| CRDO | Credo Technology Group | $69.83 | $45.57 | -34.74% | Buy |
| AAOI | Applied Optoelectronics | $32.11 | $17.00 | -47.06% | Buy |
| UI | Ubiquiti | $340.21 | $104.00 | -69.43% | Buy |