Credo Technology Group (NASDAQ:CRDO) Trading Up 3.8% - Still a Buy?
Credo Technology Group (NASDAQ:CRDO) shares rose 3.8% to $156.07, with a trading volume of 4.57 million, down 35% from average. Positive sentiment from analysts and retail press highlights CRDO as a momentum pick, while insider selling by executives raises concerns. Analysts maintain a consensus rating of "Buy" with a target price averaging $217.08. The company reported strong earnings, with a 272.1% year-over-year revenue increase. Despite insider sales, the overall outlook remains positive with several upgrades from brokerages.
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