Roth MKM raised the firm’s price target on Credo Technology to $30 from $24 and keeps a Buy rating on the shares after its Q3 results and outlook. The company guided for growth momentum into early-2024, reflecting momentum across multiple product families, the analyst tells investors in a research note. Credo looks well positioned to benefit from increased AI infrastructure spending across multiple tier-1 hyperscale customers over the next several quarters, the firm added.
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