Cowen analyst Matthew Ramsay raised the firm’s price target on Cirrus Logic to $110 from $100 and keeps an Outperform rating on the shares. The analyst believes ongoing content gains in high-dollar sockets insulate results to a certain extent from iPhone unit weakness, and sees a material step-up in content over the next two years.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CRUS:
- Cirrus Logic sees Q4 revenue $340M-$400M, consensus $372.07M
- Cirrus Logic reports Q3 adjusted EPS $2.40, consensus $1.99
- Cirrus Logic price target raised to $95 from $85 at Barclays
- Cirrus the ‘winner’ for change to solid state buttons on iPhone 15, says Kuo
- KeyBanc says iPhone survey shows supply partial recovery, some shortages remain
