BofA lowered the firm’s price target on Credo Technology (CRDO) to $160 from $200 and keeps a Buy rating on the shares. Following fiscal Q3 results in-line with Credo’s earlier “stellar pre-announcement,” the firm raised its FY27 and FY28 pro-forma EPS estimates by another 5% and 6%, respectively, but lowered its price target on industry multiple re-rating.
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Read More on CRDO:
- Credo Technology price target lowered to $170 from $230 at Susquehanna
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