B of A Securities Reiterates Underperform on Credo Technology Group, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya has reiterated an Underperform rating on Credo Technology Group (NASDAQ:CRDO) while raising the price target from $21 to $22.
May 30, 2024 | 3:41 pm
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B of A Securities has reiterated an Underperform rating on Credo Technology Group, raising the price target from $21 to $22.
The reiteration of an Underperform rating suggests a negative outlook on the stock, despite the slight increase in the price target. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100