In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Credo Technology Group Holding Ltd (CRDO – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $21.66.
According to TipRanks, Svanberg is a 5-star analyst with an average return of 15.8% and a 62.58% success rate. Svanberg covers the Technology sector, focusing on stocks such as ON Semiconductor, Marvell, and Microchip.
Credo Technology Group Holding Ltd has an analyst consensus of Strong Buy, with a price target consensus of $27.00.
CRDO market cap is currently $3.64B and has a P/E ratio of -95.25.
Based on the recent corporate insider activity of 141 insiders, corporate insider sentiment is neutral on the stock. Last month, Adam Thorngate-Gottlund, the GC & Secretary of CRDO bought 101,080.00 shares for a total of $116,284.30.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 to Present at 36th Annual Roth Conference
- Credo Technology price target raised to $30 from $24 at Roth MKM
- Credo Technology price target raised to $28 from $25 at Craig-Hallum
- Credo Technology price target raised to $24 from $20 at TD Cowen
- Credo Technology price target raised to $30 from $28 at Mizuho
