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科技集團控股有限公司（納斯達克股票代碼：CRDO）股價在週二早盤交易中上漲了近40％。
The visibility into the company's growth inflection in the back half of the year improved significantly, according to BofA Securities.
根據美銀證券的數據，下半年公司增長轉折的可見度顯著提高。
Analyst Vivek Arya upgraded the rating for Credo Technology from Underperform to Buy while raising the price target from $27 to $80.
分析師維維克·艾莉亞將Credo Technology的評級從表現不佳上調至買入，同時將目標股價從27美元上調至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論點：艾莉亞在升級說明中表示，該公司季度實現了 「穩健增長和實質性增長」。
Check out other analyst stock ratings.
查看其他分析師股票評級。
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.
他補充說，Credo Technology的前景表明 「其支持節能人工智能集群的主動電纜（AEC）產品的多年採用週期已經開始」。
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.
該分析師表示，該公司的業績電話會議解決了圍繞AEC市場的擔憂，「客戶爲10％的3倍」，包括微軟公司（納斯達克股票代碼：MSFT）、亞馬遜公司（納斯達克股票代碼：AMZN）和特斯拉公司（納斯達克股票代碼：TSLA），以及 「其他鄰近領域（光學DSP、線路卡PHY、重定時器）的增長勢頭」。
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.
他進一步寫道，「受主要客戶（和投資者）亞馬遜網絡服務強勁的人工智能增長的推動」，Credo Technology可能會在2025財年下半年取得強勁的業績。
CRDO Price Action: Shares of Credo Technology had risen by 49.24% to $71.34 at the time of publication on Tuesday.
CRDO價格走勢：在週二發佈時，Credo Technology的股價上漲了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
閱讀更多：
• 爲什麼 Credo Technology Group 股價上漲了 40%；以下是盤前走勢的20只股票
Photo: Courtesy Credo
照片：由 Credo 提供
