Barclays Maintains Overweight on Cirrus Logic, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on Cirrus Logic (NASDAQ:CRUS) and increased the price target from $90 to $95.
January 16, 2024 | 5:13 pm
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Barclays analyst Tom O'Malley has reaffirmed Cirrus Logic's Overweight rating and raised the price target to $95, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. Investors often view such updates as a sign of confidence in the company's future performance, which can lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100