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Analysts Offer Insights on Technology Companies: Credo Technology Group Holding Ltd (CRDO) and Sunrun (RUN)

Tipranks - Tue Mar 3, 8:54PM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Credo Technology Group Holding Ltd (CRDOResearch Report) and Sunrun (RUNResearch Report) with bullish sentiments.

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Credo Technology Group Holding Ltd (CRDO)

In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Credo Technology Group Holding Ltd, with a price target of $200.00. The company’s shares closed last Monday at $114.22.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 47.9% and a 63.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and Allegro MicroSystems. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credo Technology Group Holding Ltd with a $203.03 average price target, an 87.9% upside from current levels. In a report issued on February 19, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $112.27 price target.

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Sunrun (RUN)

In a report issued on February 27, Chris Dendrinos from RBC Capital maintained a Buy rating on Sunrun, with a price target of $18.00. The company’s shares closed last Monday at $12.52.

According to TipRanks.com, Dendrinos is a 5-star analyst with an average return of 51.7% and a 54.3% success rate. Dendrinos covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sunrun with a $22.80 average price target, implying a 76.7% upside from current levels. In a report issued on February 27, Clear Street also maintained a Buy rating on the stock with a $24.00 price target.

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