CRDO is trading 3.4% up at $278.05 following a series of aggressive price target hikes and bullish initiations that have extended its post-earnings momentum.
- Evercore ISI initiated coverage with an Outperform rating and Stifel boosted its price target, both reinforcing the stock's positioning within the AI-infrastructure sector.
- The rally began during after-hours and pre-market trading, building on a significant uptrend established after the company's recent earnings report.