Sentiment: Negative
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Credo Technology (CRDO) Stock Slides as J.P. Morgan and BofA Cut Price Targets
By Trader Edge at 2026-09-09 14:18
Sentiment: Negative
TLDR CRDO stock fell 21% to $163.83 despite beating Q1’27 earnings and revenue estimates. Adjusted EPS came in at $1.20, above the $1.17 estimate; revenue hit $479 million vs. $473 million expected. Q2 guidance of $525M-$535M was seen as underwhelming by several analysts. J.P. Morgan cut its price target from $335 to $310; BofA slashed [...] The post Credo Technology (CRDO) Stock Slides as J.P. Morgan and BofA Cut Price Targets appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central