Mizuho analyst Vijay Rakesh raised the firm’s price target on Credo Technology (CRDO) to $35 from $30 and keeps an Outperform rating on the shares ahead of earnings being reported. Both Nvidia (NVDA) and Marvell (MRVL) commentary for Ethernet being up 100% and improving data center spending have positive read-throughs for Credo, the analyst tells investors in a preview.
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