Rosenblatt analyst Kevin Cassidy initiated coverage of Adeia with a Buy rating and $15 price target. The company’s profitability profile is among the best in public markets with solid growth potential in both media and semiconductor IP, the analyst tells investors in a research note. The stock is also undervalued, trading at 8-times expected next-12-months earnings given its 5% 5-year CAGR with operating margin above 60%, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ADEA:
- Adeia Announces Fourth Quarter And Full Year 2023 Financial Results
- Adeia Demonstrates Hybrid Bonding Technology During Chiplet Summit 2024
- Adeia demonstrates hybrid bonding technology during Chiplet Summit
- Adeia to Release Fourth Quarter and Full Year 2023 Financial Results on February 20, 2024
- Adeia Renews Media IP License Agreement with Funai