Stifel analyst Tore Svanberg raised the firm’s price target on Credo Technology to $40 from $36 and keeps a Buy rating on the shares. The firm currently is modeling $59.5M in revenue, but believes Credo could report upside to its current July-end quarter estimates and thinks the company could provide guidance ahead of the firm’s current October-end quarter $64.4M revenue estimate, the analyst tells investors in a preview.
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