On Dec 03, major Wall Street analysts update their ratings for $Credo Technology (CRDO.US)$, with price targets ranging from $49 to $80.
BofA Securities analyst Vivek Arya upgrades to a buy rating, and adjusts the target price from $27 to $80.
Barclays analyst Thomas O'Malley maintains with a buy rating, and adjusts the target price from $32 to $80.
TD Cowen analyst Joshua Buchalter maintains with a buy rating, and adjusts the target price from $40 to $75.
Mizuho Securities analyst Vijay Rakesh maintains with a buy rating, and maintains the target price at $49.
Mizuho Securities analyst James Lee initiates coverage with a buy rating, and sets the target price at $49.
Furthermore, according to the comprehensive report, the opinions of $Credo Technology (CRDO.US)$'s main analysts recently are as follows:
A notable increase in demand for Active Electrical Cables is driving significant revisions to the fiscal forecasts for 2025 and 2026. It appears that a pivotal inflection point has been reached in terms of Active Electrical Cable uptake.
Credo Technology's significant Q2 earnings surpass and an optimistic revenue outlook for Q3 were driven by notably strong shipments of active electrical cabling (AEC). This trend is expected to strengthen further, with the potential for continued growth in AEC influenced by increased attach rates and a shift towards higher speed AECs.
Following a substantial October quarter beat and a significantly raised outlook for the January quarter, it is evident that the firm expects Credo Technology to maintain its market leadership in the AEC sector due to the hyperscalers' distinct preference for Credo's comprehensive cable solutions.
Here are the latest investment ratings and price targets for $Credo Technology (CRDO.US)$ from 7 analysts:
Note:
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