CRDO Crosses Above Average Analyst Target
June 11, 2024 at 06:43 AM EDT
In recent trading, shares of Credo Technology Group Holding Ltd (CRDO) have crossed above the average analyst 12-month target price of $28.22, changing hands for $28.57/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..