B of A Securities Maintains Underperform on Credo Technology Group, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains an 'Underperform' rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $14 to $16.
August 25, 2023 | 3:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Despite the raised price target from $14 to $16, B of A Securities maintains an 'Underperform' rating on Credo Technology Group.
The 'Underperform' rating suggests that the analyst expects the stock to do worse than the market average. This, combined with the raised price target, indicates a mixed outlook for the stock. While the higher price target suggests some upside potential, the 'Underperform' rating indicates that the stock may not perform as well as other stocks in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100