Susquehanna raised the firm’s price target on Credo Technology (CRDO) to $90 from $60 and keeps a Positive rating on the shares. The firm said they reported better results and even stronger guidance as AEC continues to ramp growing “healthy” double digits quarter-overpquarter with existing hyperscaler customers and management continues to be excited about the PCIe AEC opportunity for scale-up networking.
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Read More on CRDO:
- Credo Technology price target raised to $80 from $69 at Stifel
- Strong Growth Prospects and Strategic Wins Drive Buy Rating for Credo Technology Group
- Credo Technology price target raised to $85 from $70 at Barclays
- Credo Technology Group Reports Strong Fiscal 2025 Results
- Closing Bell Movers: Credo Technology jumps 11% on earnings
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