BUZZ-Street View: Credo to benefit from strong AEC momentum, new product launches

Reuters2025-12-02

BUZZ-Street View: <a href="https://laohu8.com/S/CRDO">Credo</a> to benefit from strong AEC momentum, new product launches

** Shares of cable maker Credo Technology Group CRDO.O jump nearly 16.7% to about $199.8 premarket

** CRDO beat Q2 profit and revenue estimates, reflecting continued build-out of AI training and inference clusters

** Fifteen of 16 brokerages rate the stock "buy" or higher and one "hold"; their median PT is $220, according to data compiled by LSEG

GROWING MOMENTUM

** JP Morgan (lifts PT to $230 from $165) cites near-term Active Electrical Cable $(AEC)$ ramp at hyperscalers and new products driving multi-year growth

** Susquehanna (lifts PT to $230 from $175) says outside AECs, CRDO believes its three new product categories launched this quarter will extend its total addressable market to ~$10 billion

** Mizuho (lifts PT to $225 from $165) sees growing customer pipeline as Q2 had four >10% customers and portfolio expansion tailwinds from AECs, optical digital signal processors, active LED cables, ZeroFlap Optics and OmniConnect

Company	New PT	Old PT
JP Morgan	$230	$165
Susquehanna	$230	$175
Mizuho	$225	$165
Needham	$220	$190
Stifel	$225	$160
Barclays	$220	$165
BofA	$240	$165

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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their median PT is $220, according to data compiled by LSEG</p><p>GROWING MOMENTUM </p><p>     ** JP Morgan (lifts PT to $230 from $165) cites near-term Active Electrical Cable <a href=\"https://laohu8.com/S/AEC\">$(AEC)$</a> ramp at hyperscalers and new products driving multi-year growth </p><p>     ** Susquehanna (lifts PT to $230 from $175) says outside AECs, CRDO believes its three new product categories launched this quarter will extend its total addressable market to ~$10 billion</p><p>     ** Mizuho (lifts PT to $225 from $165) sees growing customer pipeline as Q2 had four &gt;10% customers and portfolio expansion tailwinds from AECs, optical digital signal processors, active LED cables, ZeroFlap Optics and OmniConnect</p><table><tbody><tr><td><p>Company</p></td><td><p>New PT</p></td><td><p>Old PT</p></td></tr><tr><td><p>JP Morgan </p></td><td><p>$230</p></td><td><p>$165</p></td></tr><tr><td><p>Susquehanna</p></td><td><p>$230 </p></td><td><p>$175</p></td></tr><tr><td><p>Mizuho</p></td><td><p>$225 </p></td><td><p>$165</p></td></tr><tr><td><p>Needham</p></td><td><p>$220</p></td><td><p>$190</p></td></tr><tr><td><p><a href=\"https://laohu8.com/S/SFB\">Stifel</a></p></td><td><p>$225</p></td><td><p>$160</p></td></tr><tr><td><p>Barclays</p></td><td><p>$220</p></td><td><p>$165</p></td></tr><tr><td><p>BofA</p></td><td><p>$240</p></td><td><p>$165</p></td></tr></tbody></table><p> (Reporting by Megavarshini G. Somasundaram in Bengaluru)</p><p> ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1023061713.HKD","symbol_name":"BGF EUROPEAN VALUE \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251202:nL4N3X80SF:1","article_id":"2588053048","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588053048","pubTimestamp":1764680944,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Street View: Credo to benefit from strong AEC momentum, new product launches     ** Shares of cable maker Credo Technology Group CRDO.O jump nearly 16.7% to about $199.8 premarket     ** CRDO bea","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1023061713.HKD":"BGF EUROPEAN VALUE \"A2\" (HKDHDG) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - 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Tactical Dividend Income A Mdis SGD-H Plus","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD"},"translate_title":"BUZZ-Street View：Credo将受益于强劲的AEC势头和新产品发布","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SF":0.9,"BARC.UK":0.9,"CRDO":0.9},"content_text":"BUZZ-Street View: Credo to benefit from strong AEC momentum, new product launches     ** Shares of cable maker Credo Technology Group CRDO.O jump nearly 16.7% to about $199.8 premarket     ** CRDO beat Q2 profit and revenue estimates, reflecting continued build-out of AI training and inference clusters     ** Fifteen of 16 brokerages rate the stock \"buy\" or higher and one \"hold\"; their median PT is $220, according to data compiled by LSEGGROWING MOMENTUM      ** JP Morgan (lifts PT to $230 from $165) cites near-term Active Electrical Cable $(AEC)$ ramp at hyperscalers and new products driving multi-year growth      ** Susquehanna (lifts PT to $230 from $175) says outside AECs, CRDO believes its three new product categories launched this quarter will extend its total addressable market to ~$10 billion     ** Mizuho (lifts PT to $225 from $165) sees growing customer pipeline as Q2 had four >10% customers and portfolio expansion tailwinds from AECs, optical digital signal processors, active LED cables, ZeroFlap Optics and OmniConnectCompanyNew PTOld PTJP Morgan $230$165Susquehanna$230 $175Mizuho$225 $165Needham$220$190Stifel$225$160Barclays$220$165BofA$240$165 (Reporting by Megavarshini G. 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