Mizuho raised the firm’s price target on Credo Technology to $28 from $25 and keeps a Buy rating on the shares. The analyst increased estimates and expects strong earnings from the company. The firm sees steady first half of 2024 ramps followed by an accelerating artificial intelligence ramp in the second half of the year. Mizuho continues to see Nvida (NVDA) as the best AI and machine learning play.
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