The Analyst Landscape: 4 Takes On Cirrus Logic
Portfolio Pulse from Benzinga Insights
Cirrus Logic (NASDAQ:CRUS) has received mixed analyst ratings over the past quarter, with a notable increase in average price targets. Analysts from Barclays, Stifel, Susquehanna, and Keybanc have all raised their ratings and price targets, reflecting a positive shift in sentiment. Despite challenges in revenue growth, Cirrus Logic shows strong profitability and effective asset utilization.
August 07, 2024 | 5:04 pm
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Cirrus Logic has received mixed analyst ratings, with a positive shift in average price targets. Analysts from Barclays, Stifel, Susquehanna, and Keybanc have all raised their ratings and price targets, indicating a more optimistic outlook. Despite a slight decline in revenue growth, the company shows strong profitability and effective asset utilization.
The positive shift in analyst ratings and price targets suggests increased investor confidence in Cirrus Logic. The company's strong profitability and effective asset utilization further support a favorable short-term outlook, despite challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100