Credo Technology Gets Upgrade, Shares Rise 6%
Credo Technology (CRDO) shares rose 5.9% after Mizuho upgraded its price target to $220 from $200, citing the company's acquisition of DustPhonics, which is expected to boost revenues by 75% or $200 million in fiscal 2027. The acquisition also positions Credo as a key player in optical interconnects for AI infrastructure.
Topics: acquisition AI infrastructure analyst upgrade market potential stock price movement