Analyst Expectations for Credo Technology Group's Future
Portfolio Pulse from Benzinga Insights
Credo Technology Group (NASDAQ:CRDO) has received positive analyst ratings in the last quarter, with 3 bullish and 1 somewhat bullish ratings, and no bearish or somewhat bearish ratings. The average 12-month price target for CRDO is $21.25, which has increased by 13.82% from the previous target of $18.67. The high target is $24.00 and the low target is $18.00. Analysts rate stocks based on future earnings potential and company performance.
November 30, 2023 | 4:00 pm
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Credo Technology Group has received positive ratings from analysts, with an increased average price target of $21.25, suggesting optimism about the company's future performance.
The positive analyst ratings and the increase in the average price target indicate a bullish sentiment towards CRDO's stock. This could lead to a short-term increase in the stock price as market participants often react to analyst ratings and price target adjustments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100