Analyst Ratings For Cirrus Logic
Portfolio Pulse from Benzinga Insights
Four analysts have provided ratings on Cirrus Logic (NASDAQ:CRUS) in the last three months, with an average 12-month price target of $93.75, down from the previous $94.50. Analysts from Barclays, Keybanc, Loop Capital, and Susquehanna have made adjustments to their ratings and price targets. Cirrus Logic specializes in integrated circuits for audio and voice signal processing applications, with a strong net margin and ROE but facing revenue challenges and a lower market capitalization compared to industry peers.
January 16, 2024 | 6:00 pm
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Analysts have updated their ratings on Cirrus Logic, with a slight decrease in the average price target to $93.75. The company faces revenue challenges but maintains strong profitability metrics.
The mixed analyst ratings and the slight decrease in the average price target suggest a neutral short-term impact on CRUS stock. The company's strong profitability metrics such as net margin and ROE may counterbalance the negative sentiment from revenue challenges and lower market capitalization.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100