Wall Street analysts see shares of Credo rising anywhere between 29% to 40% from here.
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Credo Technology on Wednesday reported better-than-expected financial results for its fiscal first quarter.
This stock is set up well heading into its earnings report, due Thursday after the bell.
The company "positions itself as an emerging AI hyperscaler," Citi analyst Tyler Radke says.
The investment firm upgraded the software platform provider to buy from neutral.
We're also bumping up our price target on shares.
This AI stock has a more visible path to victory than its hyperscaler peers.
