Credo shares surge after 64% jump in revenue, narrowed quarterly loss

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Go back to Credo shares surge after 64% jump in revenue, narrowed quarterly loss

Credo Technology Group Holding Ltd. (CRDO) PT Raised to $70 at Needham

December 3, 2024 6:37 AM EST

Needham analyst N. Quinn Bolton raised the price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO) to $70.00 (from $43.00) while maintaining a Buy rating.

The analyst comments "Credo reported a strong beat and guided revenue $35MM (41%) above our estimate as customer forecasts and... More

Credo Technology Group Holding Ltd. (CRDO) PT Raised to $75 at Stifel

December 3, 2024 6:21 AM EST

Stifel analyst Tore Svanberg raised the price target on Credo Technology Group Holding Ltd. (NASDAQ: CRDO) to $75.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "Strong Oct Q beat. Revenue of $72.0mn (+20.6% q/q) was +8.3% vs. our estimate (and above the high-end of... More

BofA Securities Upgrades Credo Technology Group Holding Ltd. (CRDO) to Buy

December 3, 2024 4:59 AM EST

BofA Securities analyst Vivek Arya upgraded Credo Technology Group Holding Ltd. (NASDAQ: CRDO) from Underperform to Buy with a price target of $80.00 (from $27.00).

The analyst comments "Following a solid beat and material raise earnings call, we double upgrade CRDO to Buy from Underperform, raise FY26/27E EPS by 65%/88% to $1.01/$1.51, and take our PO... More