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CRDOBullishStock Picksnews

High materiality8/10

BofA raises CRDO target to $340 on strong AI interconnect demand

Jun 28, 2026, 7:02 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

A concrete price target raise to $340 after a major conference boosts near-term sentiment; potential multiple expansion on 2028 earnings and favorable AEC/optical product ramps could lift CRDO shares, especially if 2027-2028 outlooks prove durable.

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What happened, with direct paths to the underlying reporting

Bank of America analyst Vivek Arya boosted CRDO after a meeting at the 2026 BofA Global Tech Conference, lifting the target to $340 and signaling multi-year growth from AECs and optical products. With anticipated 2027-2028 ramp and a higher 2028 P/E multiple (34x), CRDO could re-rate on expanding AI data-center demand if execution remains on track.

BofA raises CRDO target to $340 from $252; reiterates Buy.
Cites AEC demand and optical portfolio strength; 2027-2028 ramp expected.
New 2028 earnings multiple of 34x, up from 33x.
Sales outlook 2027-2028 up 2%-11%; EPS up 5%-15%.

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