Stifel raised the firm’s price target on Credo Technology (CRDO) to $75 from $50 and keeps a Buy rating on the shares following a “strong” October quarter beat and “materially raised” January quarter outlook. The strong outlook and FY26 visibility “demonstrate hyperscalers’ clear preference” for Credo’s complete cable solution offering and why the firm expects Credo to “retain its AEC market leadership for the foreseeable future,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRDO:
- Credo Technology price target raised to $80 from $32 at Barclays
- BofA double upgrades Credo Technology to Buy on growth inflection
- Credo Technology upgraded to Buy from Underperform at BofA
- Credo Technology Group Holding Ltd. Reported Earnings. Did it Beat Estimates?
- Credo Technology Reports Strong Q2 Financial Performance