Credo Technology Group (NASDAQ:CRDO) Shares Gap Down on Analyst Downgrade

Why Credo Technology Stock Plunged 20% Today

Credo Technology crushed its earnings estimates. So why did the stock drop 20%?

Credo: Semiconductor Stocks Are Melting Down, But Some Still Deny It (NASDAQ:CRDO)

Credo Technology Group Holding Ltd. stock is rated Hold based on weak technicals seen in revenue growth and a pricey 33.5x forward P/E. Click for this update.

Credo Technology Group (NASDAQ:CRDO) Shares Gap Down on Analyst Downgrade

Credo Technology Group (NASDAQ:CRDO) Shares Gap Down on Analyst Downgrade

Credo Technology (CRDO) Stock Plunges 21% Despite Earnings Beat on Weak Guidance

Credo Technology (CRDO) stock crashed 21% despite beating Q1 estimates. J.P. Morgan and BofA cut targets amid concerns over future growth prospects.

Credo Technology Group (NASDAQ:CRDO) Shares Gap Down After Analyst Downgrade

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report)’s stock price gapped down prior to trading on Wednesday after Bank of America lowered their price target on the stock from $340.00 to $275.00. The stock had previously closed at $206.63, but opened at $188.64. Bank of America currently has a buy rating on the […]