Adeia price target raised to $20 from $17 at Rosenblatt

Rosenblatt raised the firm’s price target on Adeia (ADEA) to $20 from $17 and keeps a Buy rating on the shares after the company positively pre-announced its FY25 results above the high end of its previous guidance following the settlement of a lawsuit with Disney (DIS) and a long-term licensing agreement. The firm expects that this settlement may accelerate ongoing negotiations with other media providers, with the “most obvious to us” being Netflix (NFLX), the analyst added.