Craig-Hallum raised the firm’s price target on Credo Technology to $28 from $25 and keeps a Buy rating on the shares. The firm notes Credo had another solid quarter, and guided slightly ahead of consensus that assumed 13% quarter-over-quarter growth already. While Craig-Hallum does see a backend loaded 2025 than previously modeled, it does show the power of AEC adoption and new customer ramps, and provides for a higher entry point into 2026.
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