Analyst Christopher Rolland of Susquehanna reiterated a Buy rating on Cirrus Logic (CRUS – Research Report), retaining the price target of $140.00.
Christopher Rolland has given his Buy rating due to a combination of factors including Cirrus Logic’s strong performance in the smartphone market and its diversification across various product lines. The company has reported impressive results and guidance, driven by increased smartphone volumes and the introduction of new audio components, such as the latest generation of boosted amplifiers and smart codecs. These innovations are expected to be integrated into multiple smartphone generations, enhancing Cirrus Logic’s market presence.
Additionally, Cirrus Logic is expanding its reach beyond smartphones, with significant growth opportunities in laptops and automotive markets. The company has achieved notable revenue in the laptop sector and anticipates doubling this in the coming fiscal year. Furthermore, their involvement in the automotive industry is seen as a potential billion-dollar market. Despite some near-term risks related to tariffs, Cirrus Logic’s strategic investments in high-value solutions and new market opportunities underpin Rolland’s positive outlook and Buy rating.