Analysts’ Opinions Are Mixed on These Technology Stocks: STMicroelectronics (STM) and Credo Technology Group Holding Ltd (CRDO)
Analysts have been eager to weigh in on the Technology sector with new ratings on STMicroelectronics (STM – Research Report) and Credo Technology Group Holding Ltd (CRDO – Research Report).
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STMicroelectronics (STM)
TD Cowen analyst Joshua Buchalter maintained a Hold rating on STMicroelectronics yesterday and set a price target of $32.00. The company’s shares closed last Monday at $32.51.
According to TipRanks.com, Buchalter is a 5-star analyst with an average return of
Currently, the analyst consensus on STMicroelectronics is a Moderate Buy with an average price target of $34.40, which is a 7.5% upside from current levels. In a report issued on January 29, William Blair also maintained a Hold rating on the stock.
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Credo Technology Group Holding Ltd (CRDO)
TD Cowen analyst Sean O’Loughlin reiterated a Buy rating on Credo Technology Group Holding Ltd yesterday and set a price target of $240.00. The company’s shares closed last Monday at $123.41.
According to TipRanks.com, O’Loughlin is ranked #5255 out of 12103 analysts.
Credo Technology Group Holding Ltd has an analyst consensus of Strong Buy, with a price target consensus of $218.89, a 93.0% upside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $200.00 price target.
