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NASDAQ: CRDO
Credo Technology Group Holding Ltd Stock Forecast, Predictions & Price Target

Analyst price target for CRDO

Based on 6 analysts offering 12 month price targets for Credo Technology Group Holding Ltd.
Min Forecast
$16.00+7.6%
Avg Forecast
$18.00+21.05%
Max Forecast
$20.00+34.5%

Should I buy or sell CRDO stock?

Based on 6 analysts offering ratings for Credo Technology Group Holding Ltd.
Strong Buy
Strong Buy
4 analysts 66.67%
Buy
1 analysts 16.67%
Hold
0 analysts 0%
Sell
1 analysts 16.67%
Strong Sell
0 analysts 0%

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CRDO stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Bank of America
Top 2%
99
SellMaintains$16.00+7.60%2023-08-25
Anonymous
TD Cowen
HoldMaintains$16.00+7.60%2023-08-25
Needham
Top 1%
100
BuyMaintains$20.00+34.50%2023-08-25
Stifel Nicolaus
Top 7%
94
Strong BuyMaintains$20.00+34.50%2023-07-20
Mizuho
Top 1%
100
Strong BuyReiterates$18.00+21.05%2023-06-22
Goldman Sachs
Top 7%
94
Strong BuyMaintains$16.00+7.60%2023-06-02
Roth MKM
Bottom 15%
15
Strong BuyMaintains$18.00+21.05%2023-06-01

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Forecast return on equity

Is CRDO forecast to generate an efficient return?
Company
35.41%
Industry
34.84%
Market
28.82%
CRDO's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CRDO forecast to generate an efficient return on assets?
Company
31.09%
Industry
15.32%
CRDO is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CRDO revenue growth forecast

How is CRDO forecast to perform vs Communication Equipment companies and vs the US market?
Company
38.16%
Industry
2.33%
Market
8.15%
CRDO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CRDO's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CRDO vs Communication Equipment Stocks

TickerPricePrice TargetUp/downsideConsensus
CRDO$14.87$18.00+21.05%Strong Buy
VIAV$9.22$11.75+27.44%Buy
VSAT$19.99$51.50+157.63%Buy
SATS$17.88$54.00+202.01%Strong Buy
PI$54.61$106.17+94.41%Strong Buy

Credo Technology Group Holding Stock Forecast FAQ

Is Credo Technology Group Holding Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: CRDO) stock is to Strong Buy CRDO stock.

Out of 6 analysts, 4 (66.67%) are recommending CRDO as a Strong Buy, 1 (16.67%) are recommending CRDO as a Buy, 0 (0%) are recommending CRDO as a Hold, 1 (16.67%) are recommending CRDO as a Sell, and 0 (0%) are recommending CRDO as a Strong Sell.

If you're new to stock investing, here's how to buy Credo Technology Group Holding stock.

What is CRDO's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: CRDO) forecast ROE is 35.41%, which is considered strong.

What is CRDO's Price Target?

According to 6 Wall Street analysts that have issued a 1 year CRDO price target, the average CRDO price target is $18.00, with the highest CRDO stock price forecast at $20.00 and the lowest CRDO stock price forecast at $16.00.

On average, Wall Street analysts predict that Credo Technology Group Holding's share price could reach $18.00 by Aug 25, 2024. The average Credo Technology Group Holding stock price prediction forecasts a potential upside of 21.05% from the current CRDO share price of $14.87.

What is CRDO's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: CRDO) forecast ROA is 31.09%, which is higher than the forecast US Communication Equipment industry average of 15.32%.
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