Barclays analyst Tom O’Malley raised the firm’s price target on Credo Technology (CRDO) to $85 from $70 and keeps an Overweight rating on the shares following the fiscal Q4 report. The firm says the company’s diversification is proving with three 10% customers further diversifying the business and driving over a $100M raise to fiscal 2026 revenue estimates.
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Read More on CRDO:
- Credo Technology Group Reports Strong Fiscal 2025 Results
- Closing Bell Movers: Credo Technology jumps 11% on earnings
- Credo Technology up 13% at $70.90 after Q4 earnings beat and guidance
- Credo Technology reports Q4 EPS 35c, consensus 27c
- Credo Technology sees Q1 revenue $185M-$195M, consensus $162.4M