this image price target tomorrow ?
7/30/2025 05:40am
The circled area highlights a significant upward movement in the stock price, with a sharp increase in the green candlestick, indicating strong buying sentiment. This could be due to positive news or favorable market conditions. The stock with this pattern is Credo Technology (CRDO).
1. **Recent Positive News**: Stifel boosted the price target for Credo Technology from $80 to $115 due to the semiconductor industry showing signs of emerging from a two-year inventory correction, with a projected cyclical recovery.
2. **Strong Financial Performance**: Credo Technology reported a significant revenue increase of 180% year over year for Q4, reaching $170 million, and a fiscal year 2025 revenue grew by 126% year over year, reaching $437 million.
3. **Strategic Partnerships and Market Position**: Credo Technology has completed a significant assessment of its greenhouse gas emissions, furthering its push toward sustainability, and its San Jose facilities now use 100% renewable energy.
4. **Analyst Ratings and Price Targets**: Credo Technology has received a Buy rating from multiple analysts, with price targets ranging from $87.91 to $120, indicating a potential upside of 7.82%.
Considering these factors, the stock may continue its upward trend tomorrow. However, it's important to note that investing always carries risks, and investors should conduct their own research and consider their risk tolerance before making investment decisions.