Barclays analyst Thomas O’Malley initiated coverage of Credo Technology with an Overweight rating and $18 price target. The company is exposed to “robust” artificial intelligence growth and the 400G speed transition, the analyst tells investors in a research note. The firm is a believer in active electrical cables technology for short reach connections at 100G per lane and sees the market growing at 79% annually through 2026. It says Credo is the first company with a commercially available AEC product.
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