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Credo Technology price target raised to $160 from $140 at TD Cowen

TD Cowen raised the firm’s price target on Credo Technology (CRDO) to $160 from $140 and keeps a Buy rating on the shares. The firm said it was another very strong print and guide from Credo with F2026 growth outlook nowroughly +120% year-over-year from +85% previously. Revenue base continues to diversify, and an additional fourth hyperscaler is set to join the roughly 10% revenue crew in F2H26.

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