Loop Capital assumed coverage of Cirrus Logic (CRUS) with a Buy rating and $130 price target. The firm maintains that the company is well positioned to be a beneficiary of a step up in Apple’s (AAPL) annual iPhone unit shipments in 2026, which is what investors will be focused on over the next 9-12 months, the analyst tells investors in a research note. Loop also cites Cirrus benefiting from efforts in amplifying battery player capabilities, particularly in the context of upcoming Gen AI smartphone and PC power requirements.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CRUS:
- Cirrus Logic Faces IT Vulnerabilities: Potential Impact on Financial Stability and Operational Continuity
- Cirrus Logic price target lowered to $135 from $160 at Susquehanna
- Cirrus Logic price target lowered to $105 from $120 at Barclays
- Cirrus Logic Posts Record Revenue and Earnings
- Closing Bell Movers: Palantir jumps 13% after results
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
