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Analysts Offer Insights on Technology Companies: Credo Technology Group Holding Ltd (CRDO) and ARM Holdings PLC ADR (ARM)

Tipranks - Thu Jun 11, 1:16PM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Credo Technology Group Holding Ltd (CRDO) and ARM Holdings PLC ADR (ARM).

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Credo Technology Group Holding Ltd (CRDO)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Credo Technology Group Holding Ltd today and set a price target of $290.00. The company’s shares closed last Wednesday at $244.34.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 77.6% and a 72.7% success rate. Rakesh covers the Technology sector, focusing on stocks such as Cerebras Systems, Inc. Class A, Advanced Micro Devices, and ARM Holdings PLC ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credo Technology Group Holding Ltd with a $258.07 average price target, which is a 13.2% upside from current levels. In a report issued on May 28, Stifel Nicolaus also maintained a Buy rating on the stock with a $250.00 price target.

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ARM Holdings PLC ADR (ARM)

In a report released today, Cody Acree from Benchmark Co. maintained a Hold rating on ARM Holdings PLC ADR. The company’s shares closed last Wednesday at $310.20.

According to TipRanks.com, Acree is a top 100 analyst with an average return of 35.7% and a 70.2% success rate. Acree covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Maxlinear. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ARM Holdings PLC ADR with a $287.85 average price target, which is a -8.5% downside from current levels. In a report issued on June 3, TipRanks – PerPlexity also downgraded the stock to Hold with a $425.00 price target.

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