Credo Technology: AI Revenue Doubling In FY25; Initiate With 'Buy'
CRDOCredo Technology (CRDO) Seeking Alpha·2024-08-14 16:46

Erik Isakson Credo Technology (NASDAQ:CRDO) is a leading player in the high-performance connectivity market, with rapid business growth driven by AI and data center expansions. I anticipate that Credo will significantly grow its comprehensive Ethernet connectivity solutions in the near future., doubling its AI related revenue by FY25. I am initiating with a 'Buy' rating with a one-year price target of $35 per share. Leadership in High-Speed Connectivity Market Credo Technology is a pure play in the connecti ...