Susquehanna raised the firm’s price target on Credo Technology (CRDO) to $175 from $165 and keeps a Positive rating on the shares as part of an earnings preview for the semiconductor group. The firm generally expects in-line results to modest upside in Q3. However Chinese electric vehicle production cuts and easing tariff pull-ins may negatively impact the Q4 outlook for auto exposed names, the analyst tells investors in a research note. Still, Susquehanna expects “generally better than seasonal results” for the group in Q4.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRDO:
- Bollinger, Credo, Ambarella, Cipher, Incyte: Insider Moves Unveiled!
- Credo Technology initiated with an Overweight at JPMorgan
- Credo Technology Approves Key Proposals at AGM
- Barclays says Credo relationship with Oracle means ‘closer connection’ to OpenAI
- Credo Technology Enters Equity Distribution Agreement