Credo Technology Group Holding Ltd ( (CRDO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Credo Technology Group Holding Ltd. has experienced unusual stock price movements due to analysts adjusting their price targets. The primary concern is the potential impact of tariffs on U.S. chip vendors, which could lead to significant declines in sales and earnings. BofA has lowered its price target, anticipating a 4%-6% sales hit and a 12%-13% EPS hit under modest tariffs, with more severe impacts possible by 2025 and 2026. Despite these concerns, the company is expected to report strong Q1 performance due to previously conservative outlooks and improved demand from tariff-related pull-ins.
More about Credo Technology Group Holding Ltd
YTD Price Performance: -44.76%
Average Trading Volume: 6,021,115
Technical Sentiment Signal: Buy
Current Market Cap: $6.64B
For further insights into CRDO stock on TipRanks’ Stock Analysis page.
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