On Dec 04, major Wall Street analysts update their ratings for $Credo Technology (CRDO.US)$, with price targets ranging from $70 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.
Needham analyst Quinn Bolton maintains with a buy rating, and adjusts the target price from $33 to $70.
Furthermore, according to the comprehensive report, the opinions of $Credo Technology (CRDO.US)$'s main analysts recently are as follows:
The firm indicates that robust demand for Active Electrical Cables is leading to a significant upward revision in projections for fiscal years 2025 and 2026. It is noted that a turning point for Active Electrical Cables has now been reached.
Credo Technology's strong performance in Q2, surpassing earnings expectations, and providing a Q3 revenue outlook that also exceeded estimates are highlight worthy. Notably, the shipments of active electrical cabling (AEC) have escalated beyond prior anticipations. Over a longer horizon, the growth in AEC offerings is anticipated to be fueled by increased attach rates and the shift towards higher speed AECs.
Credo Technology's notable performance in the October quarter, coupled with a substantially improved outlook for the January quarter, showcases the hyperscalers' distinct preference for Credo's comprehensive cable solution. This positions the company to sustain its leadership in the AEC market over the upcoming period.
Here are the latest investment ratings and price targets for $Credo Technology (CRDO.US)$ from 4 analysts:
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美東時間12月4日，多家華爾街大行更新了$Credo Technology (CRDO.US)$的評級，目標價介於70美元至80美元。
美銀證券分析師Vivek Arya上調至買入評級，並將目標價從27美元上調至80美元。
巴克萊銀行分析師Thomas O'Malley維持買入評級，並將目標價從32美元上調至80美元。
TD Cowen分析師Joshua Buchalter維持買入評級，並將目標價從40美元上調至75美元。
Needham分析師Quinn Bolton維持買入評級，並將目標價從33美元上調至70美元。
此外，綜合報道，$Credo Technology (CRDO.US)$近期主要分析師觀點如下：
該公司表示，對主動電纜的強勁需求導致了對2025和2026財年的預測大幅上調。現已達到主動電纜的轉折點。
Credo科技在第二季度的強勁表現超出盈利預期，並提供了超過預估的第三季度營業收入展望，這是值得關注的亮點。值得注意的是，主動電纜的出貨量已超過之前的預期。從更長遠的角度看，預計主動電纜產品的增長將受益於附加率的提高和向更高速度主動電纜的轉變。
Credo科技在十月份季度的顯著表現，加上對一月份季度的顯著改善展望，展示了超大規模數據中心對Credo綜合電纜解決方案的獨特偏好。這使公司在未來一段時間內持續保持在主動電纜市場的領導地位。
以下爲今日4位分析師對$Credo Technology (CRDO.US)$的最新投資評級及目標價：
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