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CRDO

CRDO Stock Forecast & Price Target

CRDO Analyst Ratings

Based on 10 analyst ratings
Buy
Strong Buy 50%
Buy 40%
Hold 10%
Sell 0%
Strong Sell 0%

Bulls say

Credo Technology Group Holding Ltd has demonstrated impressive financial performance, achieving 3Q26 revenues of $407 million, which reflects a 52% quarter-over-quarter increase and a remarkable 202% year-over-year growth. The company's strong demand from hyperscale customers has resulted in gross margins of 68.6% and an operating margin of 49.6%, both of which surpassed expectations and show significant year-over-year improvements. Furthermore, with cash and cash equivalents totaling $1.3 billion, bolstered by strong free cash flow and proceeds from an ATM offering, Credo is well-positioned for continued revenue growth, with anticipated FY27 revenues now projected at $1.92 billion.

Bears say

The financial analysis of Credo Technology Group highlights a decreasing price target, now set at $125, despite increased revenue estimates for FY26/FY27, signifying a valuation contraction in the stock. This contraction is attributed to investor perceptions of the company shifting towards viewing it as an anti-CPO story, which may be exaggerated and reflects concerns about potential revenue loss and reputational damage due to mismanagement of key customer relationships. Additionally, ongoing economic volatility, exacerbated by factors such as the COVID-19 pandemic and geopolitical tensions, presents significant risks that could negatively impact the company's overall financial performance and stock price.

CRDO has been analyzed by 10 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 40% recommend Buy, 10% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Credo Technology Group Holding Ltd and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Credo Technology Group Holding Ltd (CRDO) Forecast

Analysts have given CRDO a Buy based on their latest research and market trends.

According to 10 analysts, CRDO has a Buy consensus rating as of Mar 21, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $185.50, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $185.50, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Credo Technology Group Holding Ltd (CRDO)


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