Piper Jaffray moving price target up to $70!
When analysts start upgrading en masse, it's probably a good time to sell. I don't trust any of these guys.
why should cree trade at such a PE of 100 ? it is a hardware company, plenty of competition from abroad
should be trading at 25 at most.
Ans. The PE of 100 is backward looking, not forward looking. The growth rate is high. There are many competitors, but none equal to Cree.