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I am opening with our verdict on Credo Technology Group (NASDAQ:CRDO | CRDO Price Prediction). The stock has rallied 86.94% year to date, and our proprietary model now sees the shares trading almost exactly where they should.
The 24/7 Wall St. price target for Credo is $263.97, which sits a hair below the last close of $268.99. That implies 1.87% downside, a hold rating, and a 90% (high) confidence reading.
| Metric | Value |
|---|---|
| Current Price | $268.99 |
| 24/7 Wall St. Price Target | $263.97 |
| Upside/Downside | -1.87% |
| Recommendation | HOLD |
| Confidence Level | 90% |
Why We Could Be Wrong
Our 24/7 Wall St. price target sits a touch below where Credo…
