- Credo Technology Group (CRDO, Financial) shares climb 6.3%, buoyed by semiconductor sector optimism amid potential U.S.-China trade easing.
- Analysts forecast a significant upside for CRDO with an average target price of $67.09, suggesting an 81.24% growth potential.
- CRDO receives a favorable "Outperform" rating from brokerage firms, revealing investor confidence in its future performance.
Credo Technology Group (CRDO) recently experienced a substantial 6.3% increase in its stock price, reflecting a broader surge in semiconductor stocks. This optimism emerged amidst speculations of a potential thaw in U.S.-China trade tensions. Alongside Credo, other major players like Nvidia (NVDA) and Broadcom (AVGO) reported gains of 2%, while Arm Holdings (ARM) rose by 3.8%.
Wall Street Analysts' Forecast
According to projections from 12 analysts covering Credo Technology Group Holding Ltd (CRDO, Financial), the stock's average price target stands at $67.09. Projections range from a high of $84.00 to a low of $34.13, indicating potential growth. This average target highlights a robust 81.24% upside from the current trading price of $37.02. For a deeper dive into the figures, visit the Credo Technology Group Holding Ltd (CRDO) Forecast page.
The consensus among 13 brokerage firms is a favorable recommendation for Credo Technology Group Holding Ltd (CRDO, Financial), with an average brokerage rating of 1.8, positioning it within the "Outperform" category. This rating scale measures from 1, indicating a Strong Buy, to 5, which signifies a Sell recommendation.
GuruFocus' estimates suggest that the GF Value for Credo Technology Group Holding Ltd (CRDO, Financial) over the coming year is $56.64. This valuation underscores a potential upside of 53% from the current market price of $37.02. The GF Value represents an estimate of the stock's fair value, derived from historical trading multiples, past business growth performance, and projected future business potential. Further insights can be accessed on the Credo Technology Group Holding Ltd (CRDO) Summary page.
