This small-cap tech stock is set to rally nearly 30%, TD Cowen says

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This small-cap tech stock is set to rally nearly 30%, TD Cowen says

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within its active electrical cables should also play a role in pushing the company’s fundamentals higher. “Credo’s growth is likely to be primarily product-based (though IP ******** a key part of its overall portfolio) and is likely to be driven first by its Active Electrical Cable (AEC) portfolio, then by its SERDES chiplet products, and finally by the company’s opportunity in optical DSPs,” Ramsey noted. Another catalyst comes as Credo begins to significantly diverse and broaden its customer base away from its anchor customer,

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. Over time, this will reduce the risk of “whipsaw inventory-driven sales volatility” for Credo, the analyst added. The company has also begun to expand its product offerings as well. “Overall, we see the diversification of the company’s revenue base as a key de-risking of the model and should benefit the durability of revenues going forward,” Ramsey said.

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Investment strategy,Stock markets,Credo Technology Group Holding Ltd,Under the Radar,business news
#smallcap #tech #stock #set #rally #Cowen

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