Susquehanna lowered the firm’s price target on Credo Technology (CRDO) to $170 from $230 and keeps a Positive rating on the shares. The firm said they posted solid quarter driven by AEC customer ramps and strength in optical DSPs. ZF optics to contribute “materially” in FY27 as Credo secured two new customers.
Claim 55% Off TipRanks
Trade CRDO with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRDO:
- Credo Technology price target lowered to $200 from $225 at Mizuho
- Credo Technology: Extended Copper Runway, Growing ZF Optics Traction, and Strategic CoMira Acquisition Underpin Buy Rating and $220 Target
- Credo Technology: Strong AEC-Driven Growth, Expanding AI Connectivity Portfolio, and Attractive Valuation Support Buy Rating
- Top Analyst Reaffirms Buy Rating on Nvidia Stock (NVDA) After Coherent, Lumentum Investments
- Closing Bell Movers: MongoDB down over 20% after soft Q1 guidance