Roth Capital analyst Craig Irwin reiterated a Hold rating on Cree (NASDAQ: CREE) yesterday and set a price target of $50. The company’s shares opened today at $46.37.
According to TipRanks.com, Irwin is a 3-star analyst with an average return of 1.5% and a 47.3% success rate. Irwin covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Green Plains Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cree with a $50.40 average price target, which is an 8.7% upside from current levels. In a report issued on August 8, Cowen & Co. also reiterated a Hold rating on the stock with a $45 price target.
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The company has a one-year high of $51.78 and a one-year low of $20.50. Currently, Cree has an average volume of 1.18M.
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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.
