Credo Technology price target raised to $90 from $60 at Susquehanna

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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