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 $35.71 (represents a -18.73% downside from CRDO’s last price of $43.94) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
CRDO Price Target
The average price target for Credo Technology Group (CRDO) is $35.71 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $19.00. This represents a potential -18.73% downside from CRDO's last price of $43.94.
CRDO Analyst Ratings
According to 5 Wall Street analysts, Credo Technology Group's rating consensus is 'Buy'. The analyst rating breakdown for CRDO stock is 0 'Strong Buy' (0.00%), 5 'Buy' (100.00%), 0 'Hold' (0.00%), 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 |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Suji Desilva | Summit Redstone Partners | $45.00 | $38.79 | 16.01% | 2.41% |
| Oct 14, 2024 | Vijay Rakesh | Mizuho Securities | $41.00 | $38.26 | 7.16% | -6.69% |
| Oct 09, 2024 | Tore Svanberg | Stifel Nicolaus | $42.00 | $33.71 | 24.59% | -4.42% |
| Sep 05, 2024 | Richard Shannon | Craig-Hallum | $38.00 | $31.30 | 21.41% | -13.52% |
| Sep 05, 2024 | Quinn Bolton | Needham | $33.00 | $25.84 | 27.73% | -24.90% |
| Sep 05, 2024 | Tom O'Malley | Barclays | $32.00 | $31.30 | 2.24% | -27.17% |
| Sep 03, 2024 | Vijay Rakesh | Mizuho Securities | $35.00 | $31.63 | 10.65% | -20.35% |
| Sep 03, 2024 | Tore Svanberg | Stifel Nicolaus | $40.00 | $34.91 | 14.58% | -8.97% |
| Jul 18, 2024 | Tore Svanberg | Stifel Nicolaus | $36.00 | $30.45 | 18.23% | -18.07% |
| May 30, 2024 | Quinn Bolton | Needham | $29.00 | $20.22 | 43.42% | -34.00% |
The latest Credo Technology Group stock forecast, released on Oct 22, 2024 by Suji Desilva from Summit Redstone Partners, set a price target of $45.00, which represents a 16.01% increase from the stock price at the time of the forecast ($38.79), and a 2.41% increase from CRDO last price ($43.94).
Credo Technology Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 8 | 12 |
| Avg Price Target | $45.00 | $38.25 | $35.92 |
| Last Closing Price | $43.94 | $43.94 | $43.94 |
| Upside/Downside | 2.41% | -12.95% | -18.25% |
In the current month, the average price target of Credo Technology Group stock is $45.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 2.41% increase as opposed to Credo Technology Group's last price of $43.94. This month's average price target is up 17.65% compared to last quarter, and up 25.28% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
Credo Technology Group's last stock rating was published by Cowen & Co. on Sep 16, 2024. The company gave CRDO a "Buy" rating, the same as its previous rate.
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 | $171.00M | $159.00M | $151.00M | $144.00M | $134.33M | $126.77M | $117.73M | $111.13M | $105.31M | $85.94M | $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 | $178.50M | $165.97M | $157.62M | $150.31M | $140.21M | $132.33M | $122.89M | $116.01M | $109.93M | $86.40M | $69.74M | $59.48M | $60.82M | $51.91M | $44.20M | $35.78M | $32.63M | $56.73M | $52.79M | $47.55M | $37.82M | $30.85M |
| Low Forecast | $167.58M | $155.82M | $147.98M | $141.12M | $131.64M | $124.24M | $115.38M | $108.91M | $103.21M | $85.47M | $65.48M | $59.48M | $60.82M | $51.91M | $41.11M | $33.59M | $30.63M | $53.26M | $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 | $-21.17M | $-19.69M | $-18.70M | $-17.83M | $-16.63M | $-15.70M | $-14.58M | $-13.76M | $-13.04M | $-10.64M | $-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 | $-20.75M | $-19.29M | $-18.32M | $-17.47M | $-16.30M | $-15.38M | $-14.29M | $-13.49M | $-12.78M | $-10.58M | $-8.11M | $-7.37M | $-7.53M | $-6.43M | $-5.09M | $-4.16M | $-3.79M | $-6.59M | $-6.23M | $-5.61M | $3.95M | $-3.64M |
| Low Forecast | $-22.10M | $-20.55M | $-19.52M | $-18.61M | $-17.36M | $-16.39M | $-15.22M | $-14.36M | $-13.61M | $-10.70M | $-8.64M | $-7.37M | $-7.53M | $-6.43M | $-5.47M | $-4.43M | $-4.04M | $-7.02M | $-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 | $52.84M | $47.89M | $44.59M | $42.94M | $36.95M | $33.99M | $30.95M | $26.84M | $25.85M | $17.66M | $8.47M | $6.52M | $8.55M | $4.94M | $-495.42K | $-5.14M | $-6.42M | $6.42M | $5.16M | $4.95M | $-648.00K | $-2.06M |
| High Forecast | $55.86M | $50.62M | $47.13M | $45.38M | $39.05M | $35.92M | $32.71M | $28.37M | $27.32M | $18.66M | $8.95M | $6.57M | $8.57M | $4.95M | $495.42K | $-5.00M | $-6.26M | $6.79M | $5.43M | $5.21M | $-518.40K | $-2.02M |
| Low Forecast | $51.47M | $46.65M | $43.43M | $41.82M | $35.99M | $33.10M | $30.14M | $26.14M | $25.18M | $15.89M | $8.25M | $6.48M | $8.54M | $4.94M | $-1.49M | $-5.43M | $-6.79M | $6.26M | $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 | $58.00M | $53.93M | $51.22M | $48.84M | $45.56M | $43.00M | $39.93M | $37.70M | $35.72M | $29.15M | $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 | $60.55M | $56.30M | $53.46M | $50.99M | $47.56M | $44.88M | $41.68M | $39.35M | $37.29M | $29.31M | $23.66M | $20.18M | $20.63M | $17.61M | $14.99M | $12.14M | $11.07M | $19.24M | $17.91M | $16.13M | $12.83M | $10.47M |
| Low Forecast | $56.84M | $52.85M | $50.20M | $47.87M | $44.65M | $42.14M | $39.13M | $36.94M | $35.01M | $28.99M | $22.21M | $20.18M | $20.63M | $17.61M | $13.95M | $11.39M | $10.39M | $18.07M | $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 | $0.32 | $0.29 | $0.27 | $0.26 | $0.22 | $0.21 | $0.19 | $0.16 | $0.16 | $0.11 | $0.05 | $0.04 | $0.05 | $0.03 | $-0.00 | $-0.03 | $-0.04 | $0.04 | $0.03 | $0.03 | - | $-0.01 |
| High Forecast | $0.34 | $0.31 | $0.29 | $0.27 | $0.24 | $0.22 | $0.20 | $0.17 | $0.17 | $0.11 | $0.05 | $0.04 | $0.05 | $0.03 | - | $-0.03 | $-0.04 | $0.04 | $0.03 | $0.03 | - | $-0.01 |
| Low Forecast | $0.31 | $0.28 | $0.26 | $0.25 | $0.22 | $0.20 | $0.18 | $0.16 | $0.15 | $0.10 | $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 | $28.00 | $59.60 | 112.86% | Buy |
| NOK | Nokia Oyj | $4.15 | $6.35 | 53.01% | Buy |
| VIAV | Viavi Solutions | $9.75 | $12.93 | 32.62% | Hold |
| EXTR | Extreme Networks | $15.42 | $20.00 | 29.70% | Buy |
| CSCO | Cisco Systems | $57.01 | $63.09 | 10.66% | Buy |
| JNPR | Juniper Networks | $35.08 | $35.74 | 1.88% | Buy |
| INFN | Infinera | $6.63 | $6.67 | 0.60% | Hold |
| CIEN | Ciena | $67.10 | $65.74 | -2.03% | Buy |
| ZBRA | Zebra | $382.40 | $358.22 | -6.32% | Buy |
| LITE | Lumentum | $82.48 | $74.60 | -9.55% | Buy |
| CRDO | Credo Technology Group | $43.94 | $35.71 | -18.73% | Buy |
| MSI | Motorola Solutions | $487.46 | $344.83 | -29.26% | Buy |
| AAOI | Applied Optoelectronics | $28.55 | $17.38 | -39.12% | Buy |
| UI | Ubiquiti | $343.99 | $104.00 | -69.77% | Buy |