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Story summary
- Goldman Sachs initiated a buy rating on Credo Technology Group with a $165 target, implying 29% upside.
- Goldman Sachs analyst James Schneider cites Credo's vertically integrated model and superior price-performance ratio as a competitive edge.
- Credo focuses on high-speed, short-range connectivity, Active Electrical Cables (AECs) for data centers.
- Schneider notes AI-data-center demand and copper's five-year dominance.
- Credo diversifies into optical solutions and its shares have risen 78%.
