Beyond The Numbers: 4 Analysts Discuss Credo Technology Group Stock
Portfolio Pulse from Benzinga Insights
Credo Technology Group (NASDAQ:CRDO) has received bullish ratings from four analysts in the past three months, with a notable increase in the average 12-month price target to $37.75. Analysts have raised their price targets, reflecting positive sentiment despite the company's challenges with profitability and returns.
September 03, 2024 | 1:00 pm
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Credo Technology Group has received bullish ratings from analysts, with a significant increase in the average price target. This reflects positive sentiment despite challenges in profitability and returns.
The article highlights that all four analysts have given bullish ratings to Credo Technology Group, with an increase in the average price target from $31.25 to $37.75. This suggests a positive outlook on the stock, likely leading to a short-term price increase. However, the company's financial challenges, such as low net margin and ROE, may temper long-term expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100