Adeia price target raised to $18 from $16 at BWS Financial

BWS Financial raised the firm’s price target on Adeia (ADEA) to $18 from $16 and keeps a Buy rating on the shares. Adeia’s Q4 results are “cementing the foundation of our investment thesis” related to the company is generating free cash flow to deleverage its balance sheet, says the analyst, who also notes that Q4 marked the first time Adeia provided a revenue outlook for 2025 that included the benefit from the license deal with Amazon.com (AMZN) announced in December.