CRDO Price Prediction Next Week
Technical Analysis: CRDO's stock has shown strong momentum recently, with the price rising from $21.41 to $22.60 over the past week. The stock is displaying a bullish trend with higher lows and higher highs.
News Sentiment Analysis:
- Recent quantitative analysis shows CRDO received a high rating of 94% from Validea's Momentum Investor model, indicating strong institutional interest
- Insider selling activity noted with COO selling 8,985 shares on January 29, 2025, which could signal some caution
- Strong institutional support with 184 institutions adding positions versus 121 decreasing
Price Prediction for Next Week: Based on technical indicators and momentum:
- Support levels: $22.10
- Resistance levels: $23.90
- Target range: $22.80 - $24.20
The stock is likely to continue its upward momentum based on:
- Strong quantitative momentum score
- Positive institutional flows
- Bullish technical setup with higher lows
Trading Recommendation: BUY Entry point: $22.60 (current price) Initial target: $24.20 (+7.1%) Stop loss: $21.90 (-3.1%)
The risk/reward ratio of 2.3:1 favors a long position, supported by strong institutional backing and technical momentum.
CRDO Similar Chart Price Prediction
The price of CRDO is predicted to go up -6.6%, based on the high correlation periods with SCVL. The similarity of these two price pattern on the periods is 92.72%.
CRDO
SCVL
Down: -6.6%Similarity: 92.72%
CRDO Revenue Forecast
CRDO EPS Forecast
CRDO FAQs
What is bull’s view on CRDO?
What is bear's view on CRDO?
What is CRDO revenue forecast for next quarter？
What is CRDO eps forecast for next quarter？
CRDO Analyst's Forecast
Vijay Rakesh
Mizuho
Buy
2025-01-10
Price Target
$70 → $85
Upside
+15.18%
Mizuho analyst Vijay Rakesh raised the firm's price target on Credo Technology to $85 from $70 and keeps an Outperform rating on the shares as part of a 2025 semiconductors and automotive technologies outlook. The firm is optimistic for the PHLX Semiconductor Sector (SOX) in 2025 after gaining 19% in 2024. Mizuho sees continued strength in artificial intelligence, custom silicon, and connectivity. It also sees AI benefiting memory and storage. The analyst also sees challenges in 2025 with autos impacting analog. Mizuho's top picks for 2025 are ARM (ARM), Broadcom (AVGO), Credo Technology (CRDO), Dell (DELL), Micron (MU), Nvidia (NVDA), and Western Digital (WDC).
Tore Svanberg
Stifel
Strong Buy
2025-01-06
Price Target
$75 → $80
Upside
+4.38%
Christopher Rolland
Susquehanna
Hold
2024-12-17
Price Target
$80
Upside
+14.56%
