The brokerage is optimistic about Credo’s prospects, noting that the company’s portfolio of artificial intelligence (AI) products is underappreciated at the stock’s current levels.
The rapid buildout of AI-enabled data centers is driving strong demand for the company's high-speed connectivity solutions.
Driving the surge in Credo’s earnings and revenue was the AEC (active electric cables) segment – the company said it experienced the “inflection point” that it had expected.
Ahead of earnings, several brokerages upped their price targets for Credo, highlighting that the growing demand for artificial intelligence (AI) applications bodes well for the company.
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Credo Technology Group CRDO shares are currently overvalued, as suggested by its Value Score of F. In terms of the forward 12-month price/sales (P/S), CRDO is trading at 24.76X, higher than its median...
Shares of Credo Technology (NASDAQ: CRDO), which makes high-speed connectivity solutions for the data infrastructure market, skyrocketed 245% in 2024, according to data from S&P Global Market Intelligence...
Shares of Credo Technology Group (NASDAQ: CRDO) rallied 37.3% in December, according to data from S&P Global Market Intelligence .
Credo Technology Group CRDO shares have gained 284.1% in the trailing 12 months, outperforming the broader Zacks Computer & Technology sector’s return of 33.5% and the Zacks Electronics Semiconductors’...