Analyst Christopher Rolland of Susquehanna reiterated a Buy rating on Cirrus Logic, retaining the price target of $140.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Christopher Rolland has given his Buy rating due to a combination of factors contributing to Cirrus Logic’s strong performance and promising outlook. The company reported better-than-expected results and guidance, largely driven by increased smartphone volumes and some tariff-related pull-ins. Notably, Cirrus Logic’s latest products, including its boosted amplifier and 22nm smart codec, were integrated into flagship smartphones, enhancing its market position.
Additionally, Cirrus Logic is making significant strides in diversifying its product offerings beyond smartphones. The company is on track to double its laptop revenues by FY26, with new products designed into upcoming laptop models. Furthermore, Cirrus Logic’s automotive segment is gaining traction, with its timing products being adopted by Tier 1 customers. Despite some near-term challenges, such as potential impacts from tariff-related pull-ins, the company’s long-term growth prospects in laptops and automotive, along with its continued leadership in high-performance mixed-signal and audio solutions, underpin the positive rating.
Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Coherent Corp, and Marvell. According to TipRanks, Rolland has an average return of 17.2% and a 56.91% success rate on recommended stocks.