Analyst Ratings For Credo Technology Group
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse ratings for Credo Technology Group (NASDAQ:CRDO) over the past three months, with a majority being bullish. The average 12-month price target has increased by 13.83% to $35.4. Despite strong revenue growth, the company faces challenges with profitability and returns.
October 09, 2024 | 2:00 pm
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Credo Technology Group has received predominantly bullish ratings from analysts, with an increased average price target of $35.4. The company shows strong revenue growth but faces challenges in profitability and returns.
The majority of analysts have given bullish ratings, and the average price target has increased, indicating positive sentiment. However, the company's profitability metrics are below industry standards, which could temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100