Barclays analyst Tom O’Malley raised the firm’s price target on Credo Technology (CRDO) to $30 from $23 and keeps an Overweight rating on the shares. The firm increased its fiscal 2025 revenue outlook above $300M on a doubling of artificial intelligence revenue by Q4, the analyst tells investors in a research note. The firm says Credo has successfully navigated the handoff from Microsoft (MSFT) to Amazon (AMZN) with a strong second half of 2024 on the horizon.
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