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 (纳斯达克: CRDO) 股价在周二早盘交易中上涨了近40%。
The visibility into the company's growth inflection in the back half of the year improved significantly, according to BofA Securities.
根据美国银行证券表示，今年下半年对该公司增长转折的可见性显著提高。
Analyst Vivek Arya upgraded the rating for Credo Technology from Underperform to Buy while raising the price target from $27 to $80.
分析师Vivek Arya将Credo Technology的评级从弱于市场表现升级为买入，同时将目标价格从27美元提高至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论点：该公司在升级说明中实现了“强劲的业绩表现和实质性提升”，Arya表示。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
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的展望表明“开始了为其Active Electrical Cable (AEC)产品开启多年采用周期的起点，这种产品能够支持节能人工智能集群”，他补充道。
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.
公司的业绩会解决了环绕AEC市场的疑虑，包括微软公司（纳斯达克: MSFT）、亚马逊公司（纳斯达克: AMZN）和特斯拉公司（纳斯达克: TSLA）等“10%客户的3倍”，以及“在其他相关领域（光学DSP、线卡PHY、重映射器）迅速增长的动能”，分析师说。
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.
预计Credo Technology在2025财年下半年将产生强劲的业绩，“受到亚马逊网络服务（AWS）强劲人工智能增长的驱动，这是一个关键客户（也是投资者）”，他进一步写道。
CRDO Price Action: Shares of Credo Technology had risen by 49.24% to $71.34 at the time of publication on Tuesday.
Credo科技股票价格走势：截至周二发布时，Credo Technology股票上涨了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
阅读更多：
• 为什么Credo Technology集团股票上涨40%；这里有20只在盘前交易的股票
Photo: Courtesy Credo
照片：Credo提供
