William Blair analyst Sebastien Naji initiated coverage of Credo Technology (CRDO) with an Outperform rating. The company’s Ethernet active electrical cable business should continue to grow “rapidly” as it expands into optics through its Dove and Lark DSP chips, the analyst tells investors in a research note. The firm sees a “significant growth opportunity” for Credo as it takes share in a $7B inside data center optical total addressable market. Blair sees “robust” sales growth and strong operating leverage driving earnings growth of 206% in fiscal 2026 and 35% in fiscal 2027 for Credo.
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