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According to TipRanks, Svanberg is a top 100 analyst with an average return of 43.6% and a 67.87% success rate. Svanberg covers the Technology sector, focusing on stocks such as Marvell, Credo Technology Group Holding Ltd, and SiTime Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Credo Technology Group Holding Ltd with a $215.09 average price target.
Based on Credo Technology Group Holding Ltd’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $407.01 million and a net profit of $157.14 million. In comparison, last year the company earned a revenue of $135 million and had a net profit of $29.36 million
Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year. Last month, James Laufman, the CLO, Secretary of CRDO sold 10,000.00 shares for a total of $1,644,100.00.
