Credo shares rise 4.81% as AI stocks gain; Mizuho cuts target to $245
AI Summary- Credo shares rose as investors rotated into higher-beta technology and artificial intelligence stocks.
- Mizuho cut Credo’s price forecast to $245 from $290 while retaining an Outperform rating.
- Credo will demonstrate optical connectivity products at ECOC 2026 in Málaga from Sept. 21-23.