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Credo Technology Group Holding Ltd Ordinary Shares (CRDO) Stock Forecast & Price Prediction

Live CRDO Stock Price & Analysis

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$70.70

+0.22 (0.31%)

12 Month Price Forecast For CRDO

$70.70
Current Price
$11.79B
Market Cap
13 Ratings
Buy 12
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to CRDO Price Forecasts

+27.3%
To High Target of $90.00
+18.8%
To Median Target of $84.00
+1.8%
To Low Target of $72.00

CRDO Price Momentum

-8.5%
1 Week Change
-6.3%
1 Month Change
+214.1%
1 Year Change
+5.2%
Year-to-Date Change
-18.4%
From 52W High of $86.69
+320.3%
From 52W Low of $16.82

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 15, 2025 12:57 PM UTC

CRDO Analyst Ratings & Price Targets

Based on our analysis of 10 Wall Street analysts, CRDO has a bullish consensus with a median price target of $84.00 (ranging from $72.00 to $90.00). The overall analyst rating is Strong Buy (8.9/10). Currently trading at $70.70, the median forecast implies a 18.8% upside. This outlook is supported by 12 Buy, 1 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Thomas O'Malley at Barclays, projecting a 27.3% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CRDO Analyst Consensus

12
Buy
1
Hold
0
Sell

CRDO Price Target Range

Low
$72.00
Average
$84.00
High
$90.00
Current: $70.70

Latest CRDO Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CRDO.

Date Firm Analyst Rating Change Price Target
Jan 17, 2025 Barclays Thomas O'Malley Overweight Maintains $90.00
Jan 10, 2025 Mizuho Vijay Rakesh Outperform Maintains $85.00
Jan 10, 2025 Goldman Sachs Toshiya Hari Buy Maintains $84.00
Jan 6, 2025 Stifel Buy Maintains $0.00
Dec 17, 2024 Susquehanna Neutral Initiates $0.00
Dec 4, 2024 Goldman Sachs Toshiya Hari Buy Maintains $65.00
Dec 3, 2024 Needham Quinn Bolton Buy Maintains $70.00
Dec 3, 2024 Stifel Tore Svanberg Buy Reiterates $75.00
Dec 3, 2024 Barclays Thomas O'Malley Overweight Maintains $80.00
Dec 3, 2024 B of A Securities Vivek Arya Buy Upgrade $80.00
Dec 3, 2024 Craig-Hallum Richard Shannon Buy Maintains $75.00
Oct 22, 2024 Roth MKM Suji Desilva Buy Maintains $45.00
Oct 14, 2024 Mizuho Vijay Rakesh Outperform Maintains $41.00
Oct 9, 2024 Stifel Tore Svanberg Buy Maintains $42.00
Sep 6, 2024 Goldman Sachs Toshiya Hari Buy Maintains $31.00
Sep 5, 2024 Roth MKM Suji Desilva Buy Maintains $35.00
Sep 5, 2024 Barclays Thomas O'Malley Overweight Maintains $32.00
Sep 5, 2024 Needham Quinn Bolton Buy Maintains $33.00
Sep 5, 2024 Craig-Hallum Richard Shannon Buy Maintains $38.00
Sep 5, 2024 B of A Securities Vivek Arya Underperform Maintains $27.00

Stocks Similar to Credo Technology Group Holding Ltd Ordinary Shares

The following stocks are similar to Credo based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Credo Technology Group Holding Ltd Ordinary Shares (CRDO) Financial Data

Credo Technology Group Holding Ltd Ordinary Shares has a market capitalization of $11.79B with a P/E ratio of -392.8x. The company generates $217.59M in trailing twelve-month revenue with a -12.0% profit margin.

Revenue growth is +70.2% quarter-over-quarter, while maintaining an operating margin of -24.2% and return on equity of -5.8%.

Valuation Metrics

Market Cap $11.79B
Enterprise Value $7.56B
P/E Ratio -392.8x
PEG Ratio 91.5x
Price/Sales 54.2x

Growth & Margins

Revenue Growth (YoY) +70.2%
Gross Margin +63.2%
Operating Margin -24.2%
Net Margin -12.0%
EPS Growth +63.6%

Financial Health

Cash/Price Ratio +3.4%
Current Ratio 7.8x
Debt/Equity 3.0x
ROE -5.8%
ROA -4.4%

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Credo Technology Group Holding Ltd Ordinary Shares logo

Credo Technology Group Holding Ltd Ordinary Shares (CRDO) Company Overview

About Credo Technology Group Holding Ltd Ordinary Shares

What They Do

Provides high-speed connectivity solutions.

Business Model

The company generates revenue by selling a range of connectivity products, including active electrical cables, optical processors, and specialized chiplets to various sectors such as hyperscalers, OEMs, and optical module manufacturers. Additionally, it licenses its intellectual property related to SerDes technology, which further diversifies its income streams.

Additional Information

Founded in 2008 and headquartered in Grand Cayman, the company operates internationally, focusing on markets in the United States, Taiwan, Mainland China, and Hong Kong. Its innovative products target both enterprise and high-performance computing sectors, positioning it well in the growing demand for efficient networking solutions.

Company Information

Sector

Technology

Industry

Semiconductors

Employees

500

CEO

Mr. William J. Brennan

Country

Cayman Islands

IPO Year

2022

Credo Technology Group Holding Ltd Ordinary Shares (CRDO) Latest News & Analysis

CRDO stock latest news image
Quick Summary

Credo's Q2 revenue rose 21% QoQ and 64% YoY, driven by AI data center demand. The company is profitable, with strong margins and low debt, enabling aggressive R&D investment.

Why It Matters

Credo's strong revenue growth and market demand for AI-driven products signal robust financial health, enabling continued investment in R&D and future expansion, which is favorable for long-term investor returns.

Source: Seeking Alpha
Market Sentiment: Positive
CRDO stock latest news image
Quick Summary

CRDO is experiencing growth due to its innovative portfolio and AI connectivity, but faces competitive pressures and evolving challenges.

Why It Matters

CRDO's innovative portfolio and AI growth signal potential upside, but competitive pressures could hinder performance, impacting stock valuation and investment decisions.

Source: Zacks Investment Research
Market Sentiment: Neutral
CRDO stock latest news image
Quick Summary

Credo Technology Group expects 50% sequential revenue growth for fiscal Q4 2025, driven by demand for its Ethernet solutions. CRDO stock trades at 47x forward non-GAAP EPS, supported by strong margins and zero debt.

Why It Matters

Credo Technology's strong demand for Ethernet solutions and projected 50% revenue growth signal robust business momentum, justifying its high stock valuation and potential for future profitability.

Source: Seeking Alpha
Market Sentiment: Positive
CRDO stock latest news image
Quick Summary

Credo Technology Group (CRDO) reported a 64% YoY revenue growth to $72 million in fiscal Q2 FY2025, driven by strong performance across its main product lines.

Why It Matters

Credo's 64% revenue growth signals strong demand in high-speed connectivity, suggesting potential for significant stock price appreciation, making it an attractive prospect for investors.

Source: Seeking Alpha
Market Sentiment: Positive
CRDO stock latest news image
Quick Summary

Credo Technology Group's smart copper cables are gaining traction due to AI-driven data center growth, boosting sales and stock price. Valuation is high, but strong market demand may sustain momentum.

Why It Matters

Credo Technology's stock is rising due to AI-driven demand for its copper cables in data centers. Strong sales growth and Wall Street's optimistic projections indicate potential for continued price increases.

Source: Seeking Alpha
Market Sentiment: Positive
CRDO stock latest news image
Quick Summary

Stocks linked to AI infrastructure, including Vertiv (NYSE: VRT) and Credo (Nasdaq: CRDO), experienced significant sell-offs, dropping over 30% on Monday.

Why It Matters

The sharp sell-off in AI infrastructure stocks like Vertiv and Credo signals market volatility and uncertainty, impacting investor confidence and potential future valuations in this sector.

Source: 24/7 Wall Street
Market Sentiment: Positive

Frequently Asked Questions About CRDO Stock

What is Credo Technology Group Holding Ltd Ordinary Shares's (CRDO) stock forecast for 2025?

Based on our analysis of 10 Wall Street analysts, Credo Technology Group Holding Ltd Ordinary Shares (CRDO) has a median price target of $84.00. The highest price target is $90.00 and the lowest is $72.00.

Is CRDO stock a good investment in 2025?

According to current analyst ratings, CRDO has 12 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $70.70. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CRDO stock?

Wall Street analysts predict CRDO stock could reach $84.00 in the next 12 months. This represents a 18.8% increase from the current price of $70.70. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Credo Technology Group Holding Ltd Ordinary Shares's business model?

The company generates revenue by selling a range of connectivity products, including active electrical cables, optical processors, and specialized chiplets to various sectors such as hyperscalers, OEMs, and optical module manufacturers. Additionally, it licenses its intellectual property related to SerDes technology, which further diversifies its income streams.

What is the highest forecasted price for CRDO Credo Technology Group Holding Ltd Ordinary Shares?

The highest price target for CRDO is $90.00 from Thomas O'Malley at Barclays, which represents a 27.3% increase from the current price of $70.70.

What is the lowest forecasted price for CRDO Credo Technology Group Holding Ltd Ordinary Shares?

The lowest price target for CRDO is $72.00 from at , which represents a 1.8% increase from the current price of $70.70.

What is the overall CRDO consensus from analysts for Credo Technology Group Holding Ltd Ordinary Shares?

The overall analyst consensus for CRDO is bullish. Out of 10 Wall Street analysts, 12 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $84.00.

How accurate are CRDO stock price projections?

Stock price projections, including those for Credo Technology Group Holding Ltd Ordinary Shares, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.