Craig-Hallum analyst Richard Shannon raised the firm’s price target on Credo Technology to $25 from $20 and keeps a Buy rating on the shares. The firm notes Credo had another strong report with Q3 sales guidance showing 18% quarter-over-quarter at the midpoint. Craig-Hallum is intrigued by Credo’s announced linear receive optics DSP product announced on Wednesday, as it could blunt the linear drive and could create a first-mover advantage in a new segment within DSP.
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