Stifel raised the firm’s price target on Credo Technology (CRDO) to $75 from $50 and keeps a Buy rating on the shares following a “strong” October quarter beat and “materially raised” January quarter outlook. The strong outlook and FY26 visibility “demonstrate hyperscalers’ clear preference” for Credo’s complete cable solution offering and why the firm expects Credo to “retain its AEC market leadership for the foreseeable future,” the analyst tells investors.
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