Barclays analyst Blayne Curtis maintained a Buy rating on Cirrus Logic (CRUS – Research 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.
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CRUS market cap is currently $5.13B and has a P/E ratio of 15.78.
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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.
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