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Analysts Offer Insights on Technology Companies: SolarEdge Technologies (SEDG), Credo Technology Group Holding Ltd (CRDO) and Lenovo Group (OtherLNVGF)

Tipranks - Tipranks - Wed Jun 3, 7:56AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SolarEdge Technologies (SEDG), Credo Technology Group Holding Ltd (CRDO) and Lenovo Group (LNVGF).

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SolarEdge Technologies (SEDG)

In a report released today, Maheep Mandloi from Mizuho Securities maintained a Hold rating on SolarEdge Technologies, with a price target of $71.00. The company’s shares closed last Monday at $75.80.

According to TipRanks.com, Mandloi is a 4-star analyst with an average return of 3.9% and a 47.1% success rate. Mandloi covers the Technology sector, focusing on stocks such as Shoals Technologies Group, Canadian Solar, and Enphase Energy. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for SolarEdge Technologies with a $40.35 average price target, a -45.1% downside from current levels. In a report issued on May 21, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $58.00 price target.

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Credo Technology Group Holding Ltd (CRDO)

In a report released today, Joseph Cardoso from J.P. Morgan maintained a Buy rating on Credo Technology Group Holding Ltd, with a price target of $250.00. The company’s shares closed last Monday at $226.10.

According to TipRanks.com, Cardoso is a 4-star analyst with an average return of 12.9% and a 61.4% success rate. Cardoso covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Insight Enterprises, and Garmin. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credo Technology Group Holding Ltd with a $254.85 average price target, implying a 6.2% 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.

Lenovo Group (LNVGF)

In a report released today, Jim Hin Kwong Au from DBS maintained a Buy rating on Lenovo Group, with a price target of HK$40.00. The company’s shares closed last Monday at $3.40.

According to TipRanks.com, Au is a 5-star analyst with an average return of 38.0% and a 70.4% success rate. Au covers the Technology sector, focusing on stocks such as Sunny Optical Technology (Group) Co, BYD Electronic (International) Co, and AAC Technologies Holdings. ;'>

Lenovo Group has an analyst consensus of Strong Buy, with a price target consensus of $2.84, a -17.7% downside from current levels. In a report issued on May 23, TipRanks – PerPlexity also upgraded the stock to Buy with a HK$17.50 price target.

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