Credo Technology Group Holding Ltd. (CRDO) PT Raised to $75 at TD Cowen,; 'Reiterate Best SMID Cap Idea'

TD Cowen analyst Joshua Buchalter raised the price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO) to $75.00 (from $45.00) while maintaining a Buy rating.

The analyst said: "A strong set of results and stronger guide drove shares up >30% after hours as Credo likely cleared even the highest of bars set by investors...and by the stock that's +150% over the last year. AprQ soft guide and commentary on F2026 underscore confidence in the durability of the product ramps happening now as AECs are deployed to support AI networking. Reiterate Best SMID Cap Idea, PT to $75."

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