In a report released today, Ambrish Srivastava from BMO Capital maintained a Hold rating on Cree (CREE), with a price target of $50. The company’s shares closed last Monday at $58.24.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 11.7% and a 72.7% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Synaptics Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cree with a $63 average price target, which is an 8.2% upside from current levels. In a report released today, JMP Securities also downgraded the stock to Hold.
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The company has a one-year high of $69.21 and a one-year low of $33.72. Currently, Cree has an average volume of 1.39M.
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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: Wolfspeed, LED Products, and Lighting Products.
