Roth Capital raised the firm’s price target on Credo Technology (CRDO) to $170 from $160 and keeps a Buy rating on the shares. The acquisition of Hyperlume is encouraging and provides Credo with an inorganic opportunity to further diversify it sales, the analyst tells investors in a research note. Roth also expects Hyperlume’s technology to play a key part in Credo’s expected rack-level solutions in support of faster 800G/1.6T speeds.
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