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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CRDO:
- Credo Schedules Third Quarter Fiscal Year 2024 Financial Results Conference Call
- Credo Technology management to meet virtually with Needham
- Credo Technology management to meet with Needham
- Credo Technology names Kate Schuelke as New Chief Legal Officer
- Credo Technology named 2024 Top Pick, added to Conviction List at Needham
