On June 3, 2025, Needham analyst Quinn Bolton announced an update on Credo Technology Group (CRDO, Financial), maintaining the company's current "Buy" rating. This reflects the analyst's positive outlook on the stock's future performance.
In addition to the maintained rating, Needham has increased the price target for Credo Technology Group (CRDO, Financial) from USD 80.00 to USD 85.00. This adjustment represents a 6.25% increase in the price target, indicating increased confidence in the company's potential for growth.
Investors interested in Credo Technology Group (CRDO, Financial) will take note of the raised price target as a significant indicator of analyst expectations for the company's market performance in the near future.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Credo Technology Group Holding Ltd (CRDO, Financial) is $66.09 with a high estimate of $84.00 and a low estimate of $34.13. The average target implies an upside of 5.50% from the current price of $62.65. More detailed estimate data can be found on the Credo Technology Group Holding Ltd (CRDO) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Credo Technology Group Holding Ltd's (CRDO, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Credo Technology Group Holding Ltd (CRDO, Financial) in one year is $59.25, suggesting a downside of 5.43% from the current price of $62.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Credo Technology Group Holding Ltd (CRDO) Summary page.
