Barclays Sticks to Their Buy Rating for Cirrus Logic (CRUS)

Barclays analyst Blayne Curtis maintained a Buy rating on Cirrus Logic (CRUSResearch Report) yesterday. The company’s shares closed yesterday at $94.89.

According to TipRanks, Curtis is a top 100 analyst with an average return of 20.6% and a 63.64% success rate. Curtis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Cirrus Logic, and Analog Devices.

Currently, the analyst consensus on Cirrus Logic is a Strong Buy with an average price target of $106.00, an 11.71% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $110.00 price target.

See the top stocks recommended by analysts >>

CRUS market cap is currently $5.13B and has a P/E ratio of 15.78.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.

Read More on CRUS:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More