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

OverviewForecast
EarningsDividendOwnership

Analyst price target for CRDO

Based on 5 analysts offering 12 month price targets for Credo Technology Group Holding Ltd.
Min Forecast
$24.00+39.7%
Avg Forecast
$27.20+58.32%
Max Forecast
$30.00+74.62%

Should I buy or sell CRDO stock?

Based on 5 analysts offering ratings for Credo Technology Group Holding Ltd.
Strong Buy
Strong Buy
3 analysts 60%
Buy
2 analysts 40%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their CRDO stock forecasts and price targets.

CRDO stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-28Find Out Why
lockedlocked$00.00+00.00%2024-02-28
lockedlocked$00.00+00.00%2023-11-30

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Forecast return on equity

Is CRDO forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.48%

Forecast return on assets

Is CRDO forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

CRDO revenue forecast

What is CRDO's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$283.3M+72.45%
Avg 2 year Forecast
$370.0M+125.23%
CRDO's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CRDO revenue growth forecast

How is CRDO forecast to perform vs Communication Equipment companies and vs the US market?
Company
40.61%
Industry
40.23%
Market
9.77%
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$17.18$27.20+58.32%Strong Buy
LITE$44.74$54.75+22.37%Buy
VSAT$17.21$31.50+83.03%Buy
BDC$88.23$101.00+14.47%Strong Buy
VIAV$7.56$13.00+71.96%Strong Buy
View Top Communication Equipment Stocks

Credo Technology Group Holding Stock Forecast FAQ

Is Credo Technology Group Holding Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: CRDO) stock is to Strong Buy CRDO stock.

Out of 5 analysts, 3 (60%) are recommending CRDO as a Strong Buy, 2 (40%) are recommending CRDO as a Buy, 0 (0%) are recommending CRDO as a Hold, 0 (0%) 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 revenue growth forecast for 2025-2026?

(NASDAQ: CRDO) Credo Technology Group Holding's forecast annual revenue growth rate of 40.61% is forecast to beat the US Communication Equipment industry's average forecast revenue growth rate of 40.23%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.77%.

Credo Technology Group Holding's revenue in 2024 is $164,276,000.On average, 2 Wall Street analysts forecast CRDO's revenue for 2025 to be $46,260,230,946, with the lowest CRDO revenue forecast at $43,974,162,350, and the highest CRDO revenue forecast at $48,546,299,542.

In 2026, CRDO is forecast to generate $60,417,527,180 in revenue, with the lowest revenue forecast at $60,417,527,180 and the highest revenue forecast at $60,417,527,180.

What is CRDO's forecast return on assets (ROA) for 2025-2027?

(NASDAQ: CRDO) forecast ROA is N/A, which is lower than the forecast US Communication Equipment industry average of N/A.

What is CRDO's Price Target?

According to 5 Wall Street analysts that have issued a 1 year CRDO price target, the average CRDO price target is $27.20, with the highest CRDO stock price forecast at $30.00 and the lowest CRDO stock price forecast at $24.00.

On average, Wall Street analysts predict that Credo Technology Group Holding's share price could reach $27.20 by Apr 15, 2025. The average Credo Technology Group Holding stock price prediction forecasts a potential upside of 58.32% from the current CRDO share price of $17.18.

What is CRDO's forecast return on equity (ROE) for 2025-2027?

(NASDAQ: CRDO) forecast ROE is N/A, which is considered weak.
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