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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美东时间12月4日，多家华尔街大行更新了$Credo Technology (CRDO.US)$的评级，目标价介于70美元至80美元。
美银证券分析师Vivek Arya上调至买入评级，并将目标价从27美元上调至80美元。
巴克莱银行分析师Thomas O'Malley维持买入评级，并将目标价从32美元上调至80美元。
TD Cowen分析师Joshua Buchalter维持买入评级，并将目标价从40美元上调至75美元。
Needham分析师Quinn Bolton维持买入评级，并将目标价从33美元上调至70美元。
此外，综合报道，$Credo Technology (CRDO.US)$近期主要分析师观点如下：
该公司表示，对主动电缆的强劲需求导致对2025和2026财年的预测大幅上调。现已确认主动电缆达到了一个转折点。
Credo科技在第二季度的强劲表现超出了盈利预期，并提供了也超过估计的第三季度营业收入展望，这是值得关注的亮点。值得注意的是，主动电缆（AEC）的出货量已超出之前的预期。从更长远的角度来看，AEC产品的增长预计将受到更高连接率和向更高速度AEC的转变的推动。
Credo科技在10月份季度的显著表现以及对1月份季度的显著改善展望，展示了超大规模用户对Credo综合电缆解决方案的独特偏好。这使得公司能够在即将到来的时期内维持其在AEC市场的领导地位。
以下为今日4位分析师对$Credo Technology (CRDO.US)$的最新投资评级及目标价：
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