In a report released yesterday, Jeff Osborne from Cowen & Co. reiterated a Hold rating on Cree (NASDAQ: CREE), with a price target of $45. The company’s shares closed yesterday at $51.22, close to its 52-week high of $51.40.
According to TipRanks.com, Osborne is a 1-star analyst with an average return of -1.4% and a 43.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Roper Technologies, TPI Composites Inc, and Visteon Corp.
Currently, the analyst consensus on Cree is a Moderate Buy with an average price target of $48.75.
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The company has a one-year high of $51.40 and a one-year low of $20.50. Currently, Cree has an average volume of 1.1M.
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Cree, Inc. operates as an innovator of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. It operates through the following segments: LED Products, Lighting Products, Power and RF Products segments.
