Credo Technology ($CRDO) saw a 16% jump in pre-market trading after reporting strong quarterly results, with adjusted EPS of $0.67 and revenue up 272% to $268 million. The stock has surged 169% since Representative Robert Bresnahan disclosed purchasing shares earlier this year. Q4 revenue guidance of $335–$345 million exceeded expectations, leading to shares reaching $199.10 in pre-market trading. Analysts are positive, with Susquehanna raising its price target to $230 and Stifel reiterating a Buy with a $225 target. The stock has gained over 150% year-to-date, driven by strong earnings and increased AI-driven demand for data center components.

Read more at Quiver Quantitative: Rep. Robert Bresnahan’s Credo Technology Trade Surges as $CRDO Jumps 16% on Blowout Earnings