Stifel Maintains Buy Rating for Credo Technology Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel maintains its Buy rating for Credo Technology Group (NASDAQ:CRDO) and raises its price target from $14.00 to $17.00. Shares of CRDO are trading up 18.89% over the last 24 hours, at $15.96 per share.
June 01, 2023 | 5:01 pm
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Stifel maintains Buy rating for Credo Technology Group and raises price target to $17.00. CRDO shares are up 18.89% in the last 24 hours.
Stifel's decision to maintain a Buy rating and raise the price target for Credo Technology Group indicates a positive outlook for the company. This news has already impacted the stock price, with shares trading up 18.89% in the last 24 hours. The raised price target suggests further potential for growth, which is likely to have a positive short-term impact on CRDO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100