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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Read More on CRDO:
- Credo Technology price target raised to $155 from $135 at Mizuho
- Credo Technology price target raised to $155 from $130 at Stifel
- Strong Buy Recommendation for Credo Technology Group: Capitalizing on AEC Market Growth and Strategic Client Diversification
- Credo Technology Group: Strong Market Position and Growth Prospects Drive Buy Rating
- Credo Technology price target raised to $165 from $85 at Barclays
