Credo Technology Analyst Double Upgrades AI Play, Raises Forecast By Almost 200%
Credo Technology Analyst Double Upgrades AI Play, Raises Forecast By Almost 200%
Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares jumped almost 40% in early trading on Tuesday.
Credo Technology Group Holding Ltd（納斯達克股票代碼：CRDO）股價在週二早盤交易中上漲了近40%。
The visibility into the company's growth inflection in the back half of the year improved significantly, according to BofA Securities.
根據美銀證券的說法，今年下半年公司增長的可見度顯著提高。
Analyst Vivek Arya upgraded the rating for Credo Technology from Underperform to Buy while raising the price target from $27 to $80.
分析師Vivek Arya將Credo Technology的評級從低於市場表現調升至買入，並將目標價從27美元上調至80美元。
The Credo Technology Thesis: The company delivered a "solid beat and material raise" quarter, Arya said in the upgrade note.
Credo Technology的主題：Arya在升級說明中表示，該公司交出了一個「強勁增長和實質性提升」的季報。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
Credo Technology's outlook suggests "the start of a multi-year adoption cycle for its Active Electrical Cable (AEC) product that enables power-efficient AI clusters," he added.
Credo Technology的前景表明「其Active Electrical Cable（AEC）產品開啓了一個多年的節能AI集群採用週期的開端」，他補充道。
The company's earnings call addressed the concerns around the market for AEC, "with 3x 10% customers," including Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN) and Tesla Inc (NASDAQ:TSLA) as well as "growing momentum in other adjacent areas (optical DSP, line card PHY, retimer)," the analyst stated.
公司的業績會解決了有關AEC市場的擔憂，「涉及到3倍10%的客戶」，包括微軟公司（納斯達克股票代碼：MSFT）、亞馬遜公司（納斯達克股票代碼：AMZN）和特斯拉公司（納斯達克股票代碼：TSLA），以及「在其他相關領域（光學DSP、線路卡PHY、重新計時器）勢頭增長」，該分析師指出。
Credo Technology is likely to generate robust results in the back half of fiscal 2025, "driven by strong AI growth at Amazon Web Services, a key customer (and investor)," he further wrote.
Credo Technology有望在2025財年下半年取得強勁的業績，「主要得益於其主要客戶（兼投資者）亞馬遜網絡服務在人工智能增長的強勁勢頭」，他進一步寫道。
CRDO Price Action: Shares of Credo Technology had risen by 49.24% to $71.34 at the time of publication on Tuesday.
Credo Technology股價表現：週二發佈時，Credo Technology股票上漲了49.24%，至71.34美元。
Read More:
• Why Credo Technology Group Shares Are Trading Higher By 40%; Here Are 20 Stocks Moving Premarket
閱讀更多：
• 爲什麼Credo Technology集團股票交易上漲40％；這裏有20只股票在盤前交易。
Photo: Courtesy Credo
照片：Credo贊助
譯文內容由第三人軟體翻譯。