Credo Technology price target raised to $210 from $160 at BofA

BofA raised the firm’s price target on Credo Technology (CRDO) to $210 from $160 and keeps a Buy rating on the shares. Following Credo’s agreement to acquire DustPhotonics, management now sees the combined company optics portfolio to exceed $500M run-rate in FY27 across ZF optical transceivers, optical DSPs, and SiPho products, the analyst tells investors. The firm raised its FY27 and FY28 sales estimates by 15% and 19% and EPS forecasts by 9% and 14%, respectively, given an accelerating outlook and higher optics ramp visibility.

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