Roth/MKM Reiterates Buy Rating on Credo Technology Group Holding Ltd. (CRDO)

Roth/MKM analyst Suji Desilva reiterated a Buy rating and $30.00 price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO).

The analyst comments "CRDO reported results in line with consensus and guided revenue slightly ahead of consensus. We believe CRDO is seeing AI infrastructure-related revenue and growth opportunity across an increasingly larger base of enterprise/hyperscale data center customers. We are encouraged that management expects AI-related revenue to double on a y/y basis in the quarter exiting FY25. We maintain our Buy rating."

For an analyst ratings summary and ratings history on Credo Technology Group Holding Ltd. click here. For more ratings news on Credo Technology Group Holding Ltd. click here.

Shares of Credo Technology Group Holding Ltd. closed at $20.22 yesterday.

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