TD Cowen analyst Sean O’Loughlin assumed coverage of Credo Technology (CRDO) with a Buy rating and a price target of $170, up from $160. The firm, which is initiating on Datacenter Connectivity and Networking Infrastructure based on the view that connectivity is “a fundamental aspect of datacenter & AI that merits its own category of coverage,” sees a potential networking silicon total addressable market of greater than $75B by 2030, the analyst noted.
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