Roth Capital analyst Suji Desilva raised the firm’s price target on Credo Technology (CRDO) to $160 from $95 and keeps a Buy rating on the shares. The company reported results and guided well ahead of consensus, reflecting strong AEC program growth across multiple customers and programs, and the firm is encouraged that Credo is diversifying its revenue across its top three customers, with a fourth customer expected to reach 10% of revenue in FY26 as well, the analyst tells investors in a research note. Roth believes that Credo can drive additional product opportunities from its leadership position in AI infrastructure high-performance connectivity, the firm added.
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