Cirrus Logic (CRUS) Receives a Rating Update from a Top Analyst
Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Cirrus Logic today and set a price target of $150.00.
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According to TipRanks, Svanberg is a top 100 analyst with an average return of 25.2% and a 64.53% success rate. Svanberg covers the Technology sector, focusing on stocks such as Cirrus Logic, Semtech, and Astera Labs, Inc..
In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $142.00 price target.
Based on Cirrus Logic’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $560.96 million and a net profit of $131.6 million. In comparison, last year the company earned a revenue of $541.86 million and had a net profit of $102.14 million
Read More on CRUS:
Disclaimer & DisclosureReport an Issue
- Cirrus Logic Reports Record Revenue Amid Market Challenges
- Cirrus Logic’s Strong Performance and Strategic Expansion Drive Buy Rating
- Cirrus Logic price target raised to $150 from $125 at Benchmark
- Cirrus Logic price target raised to $150 from $140 at Stifel
- Cirrus Logic price target raised to $150 from $135 at KeyBanc
