Northland Securities initiated coverage on shares of Cree (NASDAQ: CREE) in a research report sent to investors on Friday morning. The firm issued an outperform rating and a $50.00 price target on the stock.
CREE has been the subject of a number of other recent research reports. Analysts at Northland Capital initiated coverage on shares of Cree in a research note to investors on Friday. They set an outperform rating and a $50.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Cree from an underperform rating to a neutral rating in a research note to investors on Wednesday, February 20th. They now have a $47.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Cree from $41.00 to $50.00 in a research note to investors on Tuesday, February 19th. They now have a buy rating on the stock.
Fourteen analysts have rated the stock with a buy rating, ten have assigned a hold rating, two have given an underweight rating, and three have issued a sell rating to the company’s stock. The company currently has a consensus rating of overweight and an average price target of $40.65.
Shares of Cree traded up 15.62% during mid-day trading on Friday, hitting $51.705. Cree has a 52 week low of $22.25 and a 52 week high of $46.88. The stock’s 50-day moving average is currently $42.21. The company has a market cap of $5.996 billion and a P/E ratio of 93.17.
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