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Credo Technology Group - CRDO Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $36.56
  • Forecasted Upside: -7.92%
  • Number of Analysts: 9
  • Breakdown:
  • 1 Sell Ratings
  • 0 Hold Ratings
  • 7 Buy Ratings
  • 1 Strong Buy Ratings
$39.70 As of 10/22/2024 01:00 AM ET
▼ -0.23 (-0.58%)

This chart shows the closing price for CRDO by one month, three months, or twelve months.

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Analyst Price Target for CRDO

Analyst Price Target is $36.56
▼ -7.92% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Credo Technology Group in the last 3 months. The average price target is $36.56, with a high forecast of $45.00 and a low forecast of $27.00. The average price target represents a -7.92% upside from the last price of $39.70.

This chart shows the closing price for CRDO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 9 investment analysts is to moderate buy stock in Credo Technology Group. This rating has held steady since January 2023, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/25/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
7/24/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
9/22/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
10/22/2024

Latest Recommendations

  • 1 strong buy ratings
  • 7 buy ratings
  • 0 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/22/2024Roth MkmBoost TargetBuy ➝ Buy$35.00 ➝ $45.00
10/14/2024MizuhoBoost TargetOutperform ➝ Outperform$35.00 ➝ $41.00
10/9/2024Stifel NicolausBoost TargetBuy ➝ Buy$40.00 ➝ $42.00
9/16/2024TD CowenUpgradeStrong-Buy
9/6/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$26.00 ➝ $31.00
9/5/2024Bank of AmericaBoost TargetUnderperform ➝ Underperform$25.00 ➝ $27.00
9/5/2024Craig HallumBoost TargetBuy ➝ Buy$30.00 ➝ $38.00
9/5/2024Roth MkmBoost TargetBuy ➝ Buy$30.00 ➝ $35.00
9/5/2024BarclaysBoost TargetOverweight ➝ Overweight$30.00 ➝ $32.00
9/5/2024Needham & Company LLCBoost TargetBuy ➝ Buy$29.00 ➝ $33.00
9/3/2024Stifel NicolausBoost TargetBuy ➝ Buy$36.00 ➝ $40.00
7/18/2024Stifel NicolausBoost TargetBuy ➝ Buy$30.00 ➝ $36.00
7/15/2024TD CowenBoost TargetBuy ➝ Buy$35.00 ➝ $40.00
6/25/2024TD CowenUpgradeHold ➝ Buy$24.00 ➝ $35.00
5/30/2024BarclaysBoost TargetOverweight ➝ Overweight$23.00 ➝ $30.00
5/30/2024Bank of AmericaReiterated RatingUnderperform ➝ Underperform$21.00 ➝ $22.00
5/30/2024Needham & Company LLCBoost TargetBuy ➝ Buy$26.00 ➝ $29.00
4/15/2024Craig HallumBoost TargetBuy ➝ Buy$28.00 ➝ $30.00
2/28/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$23.00 ➝ $26.00
2/28/2024Needham & Company LLCBoost TargetBuy ➝ Buy$24.00 ➝ $26.00
2/28/2024MizuhoReiterated RatingBuy ➝ Buy$28.00 ➝ $30.00
2/28/2024TD CowenBoost TargetMarket Perform$20.00 ➝ $24.00
2/13/2024MizuhoBoost TargetBuy ➝ Buy$25.00 ➝ $28.00
1/8/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$24.00
11/30/2023Stifel NicolausBoost TargetBuy ➝ Buy$20.00 ➝ $24.00
11/30/2023MizuhoBoost TargetBuy ➝ Buy$18.00 ➝ $21.00
11/30/2023The Goldman Sachs GroupBoost TargetBuy ➝ Buy$18.00 ➝ $23.00
11/30/2023TD CowenBoost TargetMarket Perform$16.00 ➝ $20.00
11/30/2023Needham & Company LLCBoost TargetBuy ➝ Buy$20.00 ➝ $24.00
10/9/2023Craig HallumBoost TargetBuy ➝ Buy$18.00 ➝ $20.00
10/2/2023BarclaysInitiated CoverageOverweight$18.00
8/25/2023Needham & Company LLCBoost TargetBuy ➝ Buy$17.00 ➝ $20.00
8/25/2023TD CowenBoost TargetMarket Perform ➝ Market Perform$14.00 ➝ $16.00
8/25/2023Bank of AmericaBoost TargetUnderperform ➝ Underperform$14.00 ➝ $16.00
7/20/2023Stifel NicolausBoost TargetBuy$17.00 ➝ $20.00
6/1/202351jobReiterated RatingMaintains
6/1/2023Stifel NicolausBoost Target$14.00 ➝ $17.00
6/1/2023Needham & Company LLCBoost Target$15.00 ➝ $17.00
6/1/2023MizuhoBoost Target$16.00 ➝ $18.00
3/2/2023Needham & Company LLCReiterated RatingBuy$15.00
2/28/2023BNP ParibasInitiated CoverageOutperform$13.00
2/15/2023The Goldman Sachs GroupLower TargetBuy$19.00 ➝ $14.00
2/15/2023Roth MkmLower TargetBuy$20.00 ➝ $14.00
2/15/2023Needham & Company LLCLower TargetBuy$18.00 ➝ $15.00
2/15/2023Stifel NicolausLower TargetBuy$19.00 ➝ $14.00
2/15/2023MizuhoLower TargetBuy$20.00 ➝ $16.00
2/15/2023CowenDowngradeOutperform ➝ Market Perform$11.00
2/15/2023CowenDowngradeOutperform ➝ Market Perform$18.00 ➝ $11.00
2/15/2023Bank of AmericaDowngradeBuy ➝ Underperform$18.00 ➝ $12.00
12/1/2022Needham & Company LLCBoost TargetBuy$15.00 ➝ $18.00
7/15/2022The Goldman Sachs GroupLower Target$21.00 ➝ $19.00
6/29/2022Bank of AmericaLower TargetBuy$17.00 ➝ $15.00
6/2/2022Needham & Company LLCLower TargetBuy$20.00 ➝ $15.00
4/26/2022MizuhoLower TargetBuy$21.00 ➝ $20.00
4/13/2022Stifel NicolausLower TargetBuy ➝ Buy$19.00
3/10/2022Roth CapitalBoost Target$20.00 ➝ $25.00
3/10/2022CowenBoost TargetOutperform$19.00 ➝ $20.00
3/10/2022MizuhoBoost TargetBuy$19.00 ➝ $21.00
2/23/2022Roth CapitalInitiated CoverageBuy$20.00
2/22/2022Craig HallumInitiated CoverageBuy$19.00
2/22/2022MizuhoInitiated CoverageBuy$19.00
2/22/2022Bank of AmericaInitiated CoverageBuy$20.00
2/22/2022Stifel NicolausInitiated CoverageBuy$20.00
2/22/2022CowenInitiated CoverageOutperform$19.00
2/22/2022Needham & Company LLCInitiated CoverageBuy$20.00
2/22/2022The Goldman Sachs GroupInitiated CoverageBuy$23.00
(Data available from 10/23/2019 forward)

News Sentiment Rating

1.23 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 16 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
3/27/2024
  • 18 very positive mentions
  • 14 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024
  • 15 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/26/2024
  • 14 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/25/2024
  • 22 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/25/2024
  • 15 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/24/2024
  • 32 very positive mentions
  • 19 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/23/2024
  • 32 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/23/2024

Current Sentiment

  • 32 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Credo Technology Group logo
Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is based in Grand Cayman, Cayman Islands.
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Today's Range

Now: $39.70
Low: $38.73
High: $40.19

50 Day Range

MA: $32.14
Low: $24.26
High: $39.93

52 Week Range

Now: $39.70
Low: $13.38
High: $40.37

Volume

1,640,239 shs

Average Volume

2,233,331 shs

Market Capitalization

$6.56 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.24

Frequently Asked Questions

What sell-side analysts currently cover shares of Credo Technology Group?

The following sell-side analysts have issued stock ratings on Credo Technology Group in the last twelve months: Bank of America Co., Barclays PLC, Craig Hallum, Mizuho, Needham & Company LLC, Roth Mkm, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, Inc., and TheStreet.
View the latest analyst ratings for CRDO.

What is the current price target for Credo Technology Group?

9 Wall Street analysts have set twelve-month price targets for Credo Technology Group in the last year. Their average twelve-month price target is $36.56, suggesting a possible downside of 7.9%. Roth Mkm has the highest price target set, predicting CRDO will reach $45.00 in the next twelve months. Bank of America Co. has the lowest price target set, forecasting a price of $27.00 for Credo Technology Group in the next year.
View the latest price targets for CRDO.

What is the current consensus analyst rating for Credo Technology Group?

Credo Technology Group currently has 1 sell rating, 7 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CRDO.

What other companies compete with Credo Technology Group?

Other companies that are similar to Credo Technology Group include Hubbell, ASE Technology, GlobalFoundries, United Microelectronics and Ubiquiti. Learn More about companies similar to Credo Technology Group.

How do I contact Credo Technology Group's investor relations team?

Credo Technology Group's physical mailing address is 1600 TECHNOLOGY DRIVE, SAN JOSE CA, KY1-1104. The company's listed phone number is 408-664-9329 and its investor relations email address is [email protected]. The official website for Credo Technology Group is www.credosemi.com. Learn More about contacing Credo Technology Group investor relations.