What 7 Analyst Ratings Have To Say About Credo Technology Group
Portfolio Pulse from Benzinga Insights
Over the past three months, seven analysts have published their opinion on Credo Technology Group (NASDAQ:CRDO) stock, all of them being bullish. The average price target is $17.71, which is an 18.07% increase from the previous average price target of $15.00. The current price of Credo Technology Group is $15.76.
July 20, 2023 | 9:00 pm
News sentiment analysis
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POSITIVE IMPACT
The unanimous bullish sentiment from analysts and the higher price target suggest a positive short-term impact on Credo Technology Group's stock.
Analyst ratings are a significant factor in stock price movements. In this case, all seven analysts covering Credo Technology Group have a bullish sentiment, and the average price target has increased by 18.07% from the previous one. This suggests that they expect the company's stock price to rise in the short term, which could influence investors to buy the stock, thereby driving up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100