Stifel analyst Tore Svanberg raised the firm’s price target on Credo Technology (CRDO) to $155 from $130 and keeps a Buy rating on the shares following “another solid beat” and “impressively raised” revenue outlook. The further increased outlook is underpinned by continued diversified AEC growth across multiple hyperscalers, including a fourth hyperscaler that could see initial revs be the end of calendar year 2026, the analyst noted.
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