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Credo Technology Group (CRDO) Stock Forecast & Price Target

$28.41
-0.94 (-3.20%)
(As of 10:54 AM 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

Based on 8 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 8 analysts, 1 has given a sell rating, and 7 have given a buy rating for CRDO.

Consensus Price Target

$30.38
6.92% Upside
High Forecast$40.00
Average Forecast$30.38
Low Forecast$22.00

According to the 8 analysts' twelve-month price targets for Credo Technology Group, the average price target is $30.38. The highest price target for CRDO is $40.00, while the lowest price target for CRDO is $22.00. The average price target represents a forecasted upside of 6.92% from the current price of $28.41.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$30.38$28.25$24.25$14.44
Forecasted Upside6.92% Upside24.16% Upside21.65% Upside-2.86% Downside
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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.
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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.
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Credo Technology Group Stock vs. The Competition

TypeCredo Technology GroupBusiness Services CompaniesS&P 500
Consensus Rating Score
2.75
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside3.49% Upside163.16% Upside10.68% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetBuy ➝ Buy$30.00 ➝ $36.00+20.56%
7/15/2024TD Cowen
4 of 5 stars
M. Ramsay
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Boost TargetBuy ➝ Buy$35.00 ➝ $40.00+28.99%
5/30/2024Barclays
2 of 5 stars
 Boost TargetOverweight ➝ Overweight$23.00 ➝ $30.00+18.76%
5/30/2024Bank of America
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 Reiterated RatingUnderperform ➝ Underperform$21.00 ➝ $22.00-8.14%
5/30/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$26.00 ➝ $29.00+43.42%
4/15/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$28.00 ➝ $30.00+38.38%
2/28/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$23.00 ➝ $26.00+9.80%
2/28/2024Mizuho
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 Reiterated RatingBuy ➝ Buy$28.00 ➝ $30.00+36.24%
6/1/202351job
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 Reiterated RatingMaintains
2/28/2023BNP Paribas
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 Initiated CoverageOutperform$13.00+21.27%
2/15/2023Roth Mkm
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 Lower TargetBuy$20.00 ➝ $14.00+36.32%
2/15/2023Cowen
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 DowngradeOutperform ➝ Market Perform$11.00-43.18%
2/15/2023Cowen
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 DowngradeOutperform ➝ 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 Thursday at 11:13 AM ET.

CRDO Forecast - Frequently Asked Questions

What is Credo Technology Group's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Credo Technology Group is $30.38, with a high forecast of $40.00 and a low forecast of $22.00.

Should I buy or sell Credo Technology Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. There is currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRDO shares.

Does Credo Technology Group's stock price have much upside?

According to analysts, Credo Technology Group's stock has a predicted upside of 22.93% based on their 12-month stock forecasts.

Has Credo Technology Group been upgraded by Wall Street analysts recently?

Over the previous 90 days, Credo Technology Group's stock had 1 upgrade by analysts.

What analysts cover Credo Technology Group?

Credo Technology Group has been rated by research analysts at Bank of America, Barclays, Needham & Company LLC, Stifel Nicolaus, and TD Cowen in the past 90 days.

Do Wall Street analysts like Credo Technology Group more than its competitors?

Analysts like Credo Technology Group more than other "business services" companies. The consensus rating score for Credo Technology Group is 2.75 while the average consensus rating score for "business services" companies is 2.64. Learn more on how CRDO compares to other companies.


This page (NASDAQ:CRDO) was last updated on 7/25/2024 by MarketBeat.com Staff

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