The Latest Breaking News from CRDO

Credo Technology Group (NASDAQ:CRDO) is preparing to release its quarterly earnings on Monday, 2024-12-02. Here's a brief overview of what investors should keep in mind before the announcement.

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Credo Technology Group Holding Ltd (NASDAQ: CRDO) is an emerging cloud networking specialist that estimates its addressable market to grow at a compounded annual growth rate (CAGRA) of nearly 49%, according to BofA Securities.

Multiple analysts initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a positive stance. Goldman Sachs analyst Toshiya Hari initiated coverage on Credo with a Buy rating and price target of $23 (51.3% upside). Stifel analyst Tore Svanberg initiated coverage on Credo with a Buy rating and price target of $20 (31.6% upside). BofA analyst Vivek…

Credo Technology Group Holding Ltd (NASDAQ:CRDO) completed an initial public offering of 20 million shares at $10.00 per share.  The company raised $183.8 million from the offering. The underwriters had a 30-day option to purchase additional shares up to 3 million. Related Content: Credo announces pricing of initial public offering On February 7, the…