Analyst Christopher Rolland from Susquehanna reiterated a Hold rating on Knowles and increased the price target to $18.00 from $16.00.
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Christopher Rolland’s rating is based on a combination of factors including the overall positive performance of Knowles, yet tempered by a cautious outlook. The company has shown broad-based strength across its end markets, with improved results and guidance, suggesting a recovery is underway. However, despite these positive indicators, Rolland maintains a Hold rating as he awaits further progress in the recovery before making a more optimistic recommendation.
Additionally, Knowles has managed to pass on additional costs to customers and has seen strong bookings with a robust pipeline of design wins. The introduction of a new ceramic inductor product line is expected to drive significant revenue in the future, and the company is exploring M&A opportunities. Despite these promising developments, Rolland remains neutral, raising the price target slightly from $16 to $18, reflecting increased execution but still advocating for a cautious approach.
In another report released on July 18, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $18.50 price target.