Craig-Hallum analyst Richard Shannon raised the firm’s price target on Credo Technology to $38 from $30 and keeps a Buy rating on the shares. The firm notes Credo’s solid report and guide bode well for continued acceleration in Q2, and with the stock down in the aftermarket, Craig-Hallum sees a great entry point for longer term investors looking for a combination of AI, power, and connectivity themes for their portfolios.
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