Craig-Hallum analyst Richard Shannon assigned a Buy rating to the stock today. The company’s shares closed last Friday at $22.60.
According to TipRanks, Shannon is a 4-star analyst with an average return of 6.2% and a 45.27% success rate. Shannon covers the Technology sector, focusing on stocks such as Cepton, Emcore, and Vicor.
Credo Technology Group Holding Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $22.86, representing a 1.15% upside. In a report released on February 13, Mizuho Securities also maintained a Buy rating on the stock with a $28.00 price target.
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The company has a one-year high of $23.60 and a one-year low of $7.20. Currently, Credo Technology Group Holding Ltd has an average volume of 2.43M.
Based on the recent corporate insider activity of 134 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. Earlier this month, Adam Thorngate-Gottlund, the GC & Secretary of CRDO bought 101,080.00 shares for a total of $116,284.30.
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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 price target raised to $28 from $25 at Mizuho
- Credo Schedules Third Quarter Fiscal Year 2024 Financial Results Conference Call
- Credo Technology management to meet virtually with Needham
- Credo Technology management to meet with Needham
- Credo Technology names Kate Schuelke as New Chief Legal Officer
