Analysts Lift Credo Target to $340, Back Meta at $930 and Pinterest at $24
Updated
Updated · CNBC · Jun 28
Analysts Lift Credo Target to $340, Back Meta at $930 and Pinterest at $24
1 articles · Updated · CNBC · Jun 28
Summary
Bank of America raised Credo Technology's price target to $340 from $252 and kept a buy rating, citing sustained AI data-center demand for active electrical cables and new product ramps expected in 2027-2028.
Arya also lifted Credo sales forecasts by 2%-11% and EPS estimates by 5%-15% for fiscal 2027-2028 after company meetings and channel checks pointed to a stronger five-year AEC market.
Evercore ISI reiterated Meta at buy with a $930 target after new paid app and AI subscription launches, arguing even modest uptake across more than 3.6 billion daily users could become a high-margin revenue stream.
Guggenheim kept Pinterest at buy with a $24 target, saying AI-driven ad tools and stronger U.S. advertising support revenue growth; Performance+ already drives 30% of lower-funnel revenue.
The calls come as volatile global markets push investors toward companies with clearer long-term AI and digital advertising growth paths despite Middle East risks and valuation concerns.