Credo Technology Group Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Credo Technology Group CRDO in the last three months.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Credo Technology Group, revealing an average target of $83.17, a high estimate of $90.00, and a low estimate of $80.00. This current average reflects an increase of 12.39% from the previous average price target of $74.00.

Interpreting Analyst Ratings: A Closer Look

The standing of Credo Technology Group among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Credo Technology Group. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Credo Technology Group compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Credo Technology Group's stock. This examination reveals shifts in analysts' expectations over time.

To gain a panoramic view of Credo Technology Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Credo Technology Group analyst ratings.

Discovering Credo Technology Group: A Closer Look

Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.

Unraveling the Financial Story of Credo Technology Group

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Credo Technology Group displayed positive results in 3 months. As of 31 October, 2024, the company achieved a solid revenue growth rate of approximately 63.58%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Credo Technology Group's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -5.87%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -0.75%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Credo Technology Group's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.66%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Credo Technology Group's debt-to-equity ratio is below the industry average at 0.03, reflecting a lower dependency on debt financing and a more conservative financial approach.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.