Credo Technology Group Holding Ltd ( (CRDO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Credo Technology Group Holding Ltd. has seen a shift in its stock price due to Mizuho’s recent adjustment of the company’s price target from $90 to $82. This change comes after discussions with Credo’s leadership, where plans to increase their optical customer base from three to five by 2025 were disclosed. Despite the lowered price target, the company retains an Outperform rating, reflecting optimism about its future growth.
More about Credo Technology Group Holding Ltd
YTD Price Performance: -39.32%
Average Trading Volume: 5,880,710
Technical Sentiment Signal: Buy
Current Market Cap: $7.08B
For further insights into CRDO stock on TipRanks’ Stock Analysis page.
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