Craig-Hallum lowered the firm’s price target on Indie Semiconductor (INDI) to $6 from $8 and keeps a Buy rating on the shares. The firm says the company’s large auto radar win is still on track to ramp in Q4, as well as management sticking with EBITDA breakeven in Q4, but notes the company’s ADAS win with Ficosa was pushed into early 2026 from Q4 given continued macro weakness. Craig-Hallum is lowering his FY25 and FY26 estimates to remain conservative given a volatile economy.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INDI:
- Indie Semiconductor price target lowered to $6 from $8 at Benchmark
- Indie Semiconductor price target lowered to $6 from $7 at KeyBanc
- Indie Semiconductor Reports Modest Growth Amid Challenges
- Indie Semiconductor price target lowered to $4 from $6 at Roth Capital
- Indie Semiconductor reports Q1 EPS (8c), consensus (8c)