Credo Technology price target raised to $32 from $30 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Credo Technology to $32 from $30 and keeps an Overweight rating on the shares. Despite unexpected movement across segments, the key takeaway from the earnings report should be that product revenue is coming in materially better with a sneak peak into fiscal 2026, the analyst tells investors in a research note.