Barclays analyst Tom O’Malley raised the firm’s price target on Credo Technology (CRDO) to $165 from $85 and keeps an Overweight rating on the shares following the fiscal Q1 report. The firm says Credo’s further customer diversification and another material guidance raise is enough to satisfy the high expectatoins.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade CRDOPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRDO:
- Credo Technology Reports Strong Q1 2026 Growth
- Closing Bell Movers: Salesforce falls despite Q2 earnings beat
- Credo Technology reports Q1 EPS 52c, consensus 36c
- Credo Technology sees Q2 revenue $230M-$240M, consensus $198.6M
- Credo Technology Group options imply 14.0% move in share price post-earnings