Goldman Sachs Initiates Coverage of Credo Technology Group Holding Ltd (CRDO) Stock

Group 1 - Goldman Sachs initiated coverage of Credo Technology Group Holding Ltd (CRDO) with a "Buy" rating and a price objective of $165, highlighting its focus on high-speed, short-range wired connectivity products for the datacenter market [1] - Credo Technology has pioneered Active Electrical Cables (AECs), which provide lower cost and high bandwidth connections with high reliability compared to competing technologies, expected to remain relevant until at least 2032 [2] - Roth Capital reduced its price objective for CRDO from $250 to $200 while maintaining a "Buy" rating, citing above-consensus preliminary guidance supported by increased unit demand and higher average sales prices due to newer AEC cabling [3] Group 2 - Credo Technology offers high-speed connectivity solutions for optical and electrical Ethernet, as well as PCIe applications, providing optimized performance, energy efficiency, and security for AI deployment [4]