BWS Financial analyst Hamed Khorsand maintained a Buy rating on Adeia today and set a price target of $18.00.
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Hamed Khorsand has given his Buy rating due to a combination of factors including Adeia’s current financial position and future growth prospects. Despite missing revenue estimates for the third quarter and adjusting their full-year guidance, the company maintains a strong cash flow position, which supports a higher stock price in the long term.
Khorsand anticipates that Adeia will experience revenue growth in 2026, albeit modestly, without relying on large deals that are difficult to predict. The expectation of continued cash flow generation provides a solid foundation for the stock, suggesting that it could eventually reach the target price of $18, even if it takes some time to achieve this level.
In another report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $17.00 price target.