BofA analyst Vivek Arya raised the firm’s price target on Credo Technology (CRDO) to $90 from $50 and keeps a Buy rating on the shares. The firm notes the company’s Q4 delivered sizable topline beat/raise with $170M sales attributed to broad-based AEC strength with three hyperscalers greater than 10% of sales in the quarter, with two more slated to ramp in fiscal the second half of 2026. The July quarter guidance is positive as well, with the company guiding to $190M at the midpoint and with gross margins guided to 65% midpoint, remaining at the high end of the long-term model, BofA adds.
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