Credo Technology Group Holding Sees 44.91% Upside Potential with Neutral Recommendation

Rosenblatt initiates coverage of Credo Technology Group Holding (CRDO) with a Neutral recommendation. Analysts forecast a 44.91% upside from the current closing price of $153.22/share, with an average one-year price target of $222.03/share. The projected annual revenue for CRDO is $524MM, a decrease of 34.16%, and the projected annual non-GAAP EPS is $1.40, an increase of 68.21%.