5 Analysts Have This To Say About Credo Technology Group
Portfolio Pulse from Benzinga Insights
Over the past three months, 5 analysts have evaluated Credo Technology Group (NASDAQ:CRDO), with a mix of bullish and somewhat bearish sentiments. The average 12-month price target has increased to $31.2, reflecting a 20.93% rise from the previous target. Analysts have raised their ratings and price targets, indicating positive market sentiment. Despite strong revenue growth, the company faces challenges with profitability and returns on equity and assets.
July 15, 2024 | 8:00 pm
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Credo Technology Group (NASDAQ:CRDO) has received mixed analyst ratings over the past three months, with a notable increase in the average 12-month price target to $31.2. Analysts have raised their ratings and price targets, reflecting positive sentiment. However, the company faces challenges with profitability and returns on equity and assets.
The increase in the average 12-month price target and the raised ratings by analysts indicate a positive short-term impact on CRDO's stock price. However, the company's challenges with profitability and returns on equity and assets may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100