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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美東時間12月4日，多家華爾街大行更新了$Credo Technology (CRDO.US)$的評級，目標價介於70美元至80美元。
美銀證券分析師Vivek Arya上調至買入評級，並將目標價從27美元上調至80美元。
巴克萊銀行分析師Thomas O'Malley維持買入評級，並將目標價從32美元上調至80美元。
TD Cowen分析師Joshua Buchalter維持買入評級，並將目標價從40美元上調至75美元。
Needham分析師Quinn Bolton維持買入評級，並將目標價從33美元上調至70美元。
此外，綜合報道，$Credo Technology (CRDO.US)$近期主要分析師觀點如下：
公司表示，強勁的需求推動了對主動電纜在2025和2026財年的預測進行顯著上調。值得注意的是，主動電纜的拐點已經到來。
Credo科技在第二季度的強勁表現超出了盈利預期，並提供了超出預期的第三季度營業收入前景，這值得特別關注。值得注意的是，主動電纜( AEC )的出貨量已超出之前的預期。從長期來看，AEC產品的增長預計將得益於更高的附加率和對更高速AEC的轉變。
Credo科技在十月份的季度表現顯著，配合對一月份季度的前景明顯改善，展示了超大規模雲計算公司對Credo綜合電纜解決方案的明顯偏好。這使得公司在即將到來的期間內能夠保持在AEC市場的領導地位。
以下爲今日4位分析師對$Credo Technology (CRDO.US)$的最新投資評級及目標價：
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