Cracking The Code: Understanding Analyst Reviews For Cirrus Logic
Portfolio Pulse from Benzinga Insights
In the past three months, 5 analysts have provided ratings for Cirrus Logic (NASDAQ:CRUS), with all ratings being either bullish or somewhat bullish. The average 12-month price target has increased to $115.0, reflecting a 16.16% rise from the previous target of $99.00. Analysts from Barclays, Keybanc, TD Cowen, Stifel, and Susquehanna have all raised their price targets for CRUS. Despite a recent revenue decline, Cirrus Logic shows strong profitability, effective cost control, and sound debt management.
May 16, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Cirrus Logic (NASDAQ:CRUS) has received bullish ratings from 5 analysts, with an average 12-month price target of $115.0, up 16.16% from the previous target. Analysts from Barclays, Keybanc, TD Cowen, Stifel, and Susquehanna have all raised their price targets. Despite a recent revenue decline, the company shows strong profitability, effective cost control, and sound debt management.
The unanimous bullish ratings and increased price targets from multiple analysts indicate strong positive sentiment towards Cirrus Logic. Despite a recent revenue decline, the company's strong profitability, effective cost control, and sound debt management are likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100