Barclays analyst Thomas O’Malley maintained a Buy rating on Credo Technology Group Holding Ltd (CRDO – Research Report) on November 29 and set a price target of $23.00. The company’s shares closed yesterday at $17.91.
O’Malley covers the Technology sector, focusing on stocks such as Micron, Camtek, and Seagate Tech. According to TipRanks, O’Malley has an average return of -4.9% and a 50.68% success rate on recommended stocks.
Currently, the analyst consensus on Credo Technology Group Holding Ltd is a Moderate Buy with an average price target of $22.25, a 24.23% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $21.00 price target.
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CRDO market cap is currently $2.9B and has a P/E ratio of -97.07.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year.
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Credo Technology Group Holding Ltd (CRDO) Company Description:
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that delivers improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
Read More on CRDO:
- Credo Technology Group Holding Ltd. Earnings Update: Did it Beat Estimate Forecasts?
- Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2024 Financial Results
- Credo Technology sees Q3 revenue $51.M- $53M, consensus $51.04M
- Credo Technology reports Q2 EPS 1c consensus 0c
- Credo Technology Group options imply 10.2% move in share price post-earnings
