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Credo Technology initiated with a Neutral at Susquehanna
The Fly

Credo Technology initiated with a Neutral at Susquehanna

Susquehanna analyst Christopher Rolland initiated coverage of Credo Technology (CRDO) with a Neutral rating and $80 price target Credo presents an attractive opportunity in the high-performance data center connectivity market, specifically targeting the critical transition to higher-speed interconnects driven by AI and cloud computing infrastructure, the analyst tells investors in a research note. While the firm sees long-term potential on the opportunity, the strong post-earnings stock reaction makes valuation less compelling, Susquehanna says.

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