Credo Technology Group Holding Ltd ( (CRDO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Credo Technology Group Holding Ltd’s stock has been on the rise due to positive analyst evaluations of its proprietary technology, particularly in AI. Barclays analyst Tom O’Malley raised the price target to $90, considering it a crucial asset for the company’s strategy in the selective semiconductor market. Other analysts, like Mizuho and Stifel, also increased their price targets, citing the company’s potential in meeting growing data infrastructure demands. Despite these optimistic forecasts, insider share sales suggest some caution within the company itself.
More about Credo Technology Group Holding Ltd
YTD Price Performance: 6.58%
Average Trading Volume: 3,571,938
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.64B
For further insights into CRDO stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.