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CRDO
Benzinga
78 days

Credo Technology Group Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. CRDO will report fourth-quarter earnings on June 2. 2. Expected earnings are 27 cents per share, up from 7 cents last year. 3. Projected revenue for the quarter is $159.59 million, significantly up from $60.78 million. 4. A patent infringement complaint has been filed affecting product imports. 5. Analysts have adjusted price targets, mostly downward, reflecting cautious sentiment.

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FAQ

Why Bearish?

Analysts cutting price targets and a recent drop in share price indicate negative sentiment. Historical precedent shows significant sell-offs often follow downward target revisions.

How important is it?

Significant earnings expectations and ongoing legal concerns directly influence CRDO's market perception. Recommend monitoring immediate market reactions post-earnings.

Why Short Term?

Earnings reports traditionally affect prices shortly after release. The immediate investor response to earnings, combined with patent issues, may drive short-term volatility.

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