Credo (CRDO) crashes on massive guidance cut, prompts several downgrades

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Credo Technology Group Holding Ltd. (CRDO) PT Lowered to $16 at Mizuho Securities

February 15, 2023 6:41 AM EST

Mizuho Securities analyst Vijay Rakesh lowered the price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO) to $16.00 (from $20.00) while maintaining a Buy rating.... More

Credo Technology Group Holding Ltd. (CRDO) PT Lowered to $14 at Stifel

February 15, 2023 5:35 AM EST

Stifel analyst Tore Svanberg lowered the price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO) to $14.00 (from $19.00) while maintaining a Buy rating.... More

BofA Securities Downgrades Credo Technology (CRDO) to Underperform on 'material downward revisions'

February 15, 2023 5:34 AM EST

(Updated - February 15, 2023 9:22 AM EST)

BofA Securities analyst Vivek Arya downgraded Credo Technology Group Holding Ltd. (NASDAQ: CRDO) from Buy to Underperform with a price target of $12.00 (from $18.00).

The analyst commented, "We are downgrading CRDO to Underperform from Buy following a completely... More

Credo Technology Group Holding Ltd. (CRDO) PT Lowered to $14 at Roth/MKM

February 15, 2023 3:05 AM EST

Roth/MKM analyst Suji Desilva lowered the price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO) to $14.00 (from $20.00) while maintaining a Buy rating.... More

Cowen Downgrades Credo Technology Group Holding Ltd. (CRDO) to Market Perform

February 15, 2023 3:03 AM EST

Cowen analyst Matt Ramsay downgraded Credo Technology Group Holding Ltd. (NASDAQ: CRDO) from Outperform to Market Perform with a price target of $11.00 (from $17.50).