Streetbeat News

CRDO

Credo Technology Group Holding Ltd

Industry

Communication Equipment

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.

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Credo Technology Group shares are trading higher after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $24 to $35.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 11:30 am

Top Wall Street analysts have updated their outlooks on several stocks, including Sea Limited, Birkenstock Holding, Credo Technology, Cloudflare, G1 Therapeutics, Capri Holdings, C.H. Robinson Worldwide, Etsy, Regulus Therapeutics, and Ball Corporation. These updates include both upgrades and downgrades, with changes in price targets and ratings.

Portfolio Pulse from Avi Kapoor

June 25, 2024 | 11:27 am

TD Cowen has upgraded Credo Technology Group (NASDAQ:CRDO) from Hold to Buy and raised the price target from $24 to $35, according to analyst Matt Ramsay.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 9:35 am

Several US-listed companies saw significant stock price movements on Friday. Argan, Inc. (AGX) reported strong earnings, leading to an 11.1% rise in its stock price. Geron Corporation (GERN) saw a 26% increase following FDA approval of its drug. Other notable gainers included SunPower Corporation (SPWR), Oddity Tech Ltd. (ODD), Yext, Inc. (YEXT), and Planet Labs PBC (PL), among others.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 2:19 pm

Barclays analyst Thomas O'Malley maintains an Overweight rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $23 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 7:10 pm

Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

Shares of American Eagle Outfitters (NYSE:AEO) fell 4.5% after reporting first-quarter earnings that missed analyst estimates. Other notable stock movements include Cue Health (NASDAQ:HLTH) jumping 100.7% after filing for Chapter 7 bankruptcy, and Smart for Life (NASDAQ:SMFL) rising 57% following a restructuring program. Faraday Future (NASDAQ:FFIE) rose 51% despite poor fiscal year results and Nasdaq filing issues. Foot Locker (NYSE:FL) gained 25.9% after beating first-quarter earnings, while Salesforce (NYSE:CRM) fell 20.1% due to weak guidance despite upbeat earnings.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 5:48 pm

The article highlights the intraday movements of various Information Technology stocks on Thursday. Notable gainers include Cemtrex, Sobr Safe, Credo Technology Group, HP, Sonim Technologies, and C3.ai. Significant losers include UiPath, Maxeon Solar Technologies, Tungray Technologies, Strong Global, Nutanix, and Salesforce.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:32 pm

B of A Securities analyst Vivek Arya has reiterated an Underperform rating on Credo Technology Group (NASDAQ:CRDO) while raising the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:41 pm

Credo Technology Group shares are trading higher following better-than-expected Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:26 pm

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