Goldman Sachs Maintains Buy on Credo Technology Group, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has reaffirmed a Buy rating on Credo Technology Group (NASDAQ:CRDO) and increased the price target from $18 to $23.
December 01, 2023 | 2:58 pm
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POSITIVE IMPACT
Goldman Sachs has maintained a Buy rating on Credo Technology Group and raised the price target from $18 to $23, indicating a positive outlook on the stock.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100