Credo Technology Group (CRDO) Stock Forecast & Price Target

$39.76 -2.14 (-5.11%)

(As of 11/15/2024 ET)

Credo Technology Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
1

Hold
0

Buy
8

Based on 9 Wall Street analysts who have issued ratings for Credo Technology Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a sell rating, 7 have given a buy rating, and 1 has given a strong buy rating for CRDO.

Consensus Price Target

$36.56
-8.06% Downside

According to the 9 analysts' twelve-month price targets for Credo Technology Group, the average price target is $36.56. The highest price target for CRDO is $45.00, while the lowest price target for CRDO is $27.00. The average price target represents a forecasted downside of -8.06% from the current price of $39.76.

CRDO Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$36.56	$35.44	$30.38	$15.92
Forecasted Upside	-8.06% Downside	-5.76% Downside	-0.15% Downside	-9.41% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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CRDO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CRDO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Credo Technology Group Stock vs. The Competition

Type	Credo Technology Group	Business Services Companies	S&P 500
Consensus Rating Score	2.89	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-8.06% Downside	329.79% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent CRDO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Roth Mkm 1 of 5 stars		Boost Target	Buy ➝ Buy	$35.00 ➝ $45.00	+12.28%
10/14/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$35.00 ➝ $41.00	+7.16%
10/9/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Buy ➝ Buy	$40.00 ➝ $42.00	+24.59%
9/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$26.00 ➝ $31.00	+26.63%
9/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$25.00 ➝ $27.00	+3.73%
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9/5/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$30.00 ➝ $38.00	+45.99%
9/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$30.00 ➝ $32.00	+24.18%
9/5/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$29.00 ➝ $33.00	+5.43%
6/1/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$13.00	+21.27%
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$11.00	-43.18%
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$18.00 ➝ $11.00	-43.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:37 PM ET.

CRDO Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Credo Technology Group is $36.56, with a high forecast of $45.00 and a low forecast of $27.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. There is currently 1 sell rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CRDO shares.
: According to analysts, Credo Technology Group's stock has a predicted downside of -8.06% based on their 12-month stock forecasts.
: Over the previous 90 days, Credo Technology Group's stock had 1 upgrade by analysts.
: Credo Technology Group has been rated by research analysts at Bank of America, Barclays, Craig Hallum, Mizuho, Needham & Company LLC, Roth Mkm, Stifel Nicolaus, TD Cowen, and The Goldman Sachs Group in the past 90 days.
: Analysts like Credo Technology Group more than other "business services" companies. The consensus rating score for Credo Technology Group is 2.89 while the average consensus rating score for "business services" companies is 2.68. Learn more on how CRDO compares to other companies.

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This page (NASDAQ:CRDO) was last updated on 11/16/2024 by MarketBeat.com Staff

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Credo Technology Group (CRDO) Stock Forecast & Price Target