Barclays analyst Tom O’Malley has revised the price target for Credo Technology (CRDO, Financial), lowering it from $90 to $70. Despite this adjustment, the firm maintains an Overweight rating on the shares.
This change is part of a broader update to its semiconductor and semiconductor capital equipment models, which now account for potential impacts from tariffs and ongoing trade tensions. These updates aim to reflect the future challenges that could affect the sector, particularly in light of the upcoming Q1 earnings reports.
Additionally, the analyst has reduced target multiples in consideration of risks associated with China and the consumer market. This adjustment in valuation metrics highlights the anticipated challenges that these geopolitical and market factors could present to companies within this industry.
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 $68.76 with a high estimate of $90.00 and a low estimate of $34.13. The average target implies an upside of 97.25% from the current price of $34.86. 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 $56.64, suggesting a upside of 62.48% from the current price of $34.86. 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.
