Adeia price target raised to $27 from $26 at Roth Capital

Roth Capital analyst Scott Searle raised the firm’s price target on Adeia (ADEA) to $27 from $26 and keeps a Buy rating on the shares. The company’s Q2 sales were modestly below expectations but its recurring sales were inline, the analyst tells investors in a research note. The firm says that despite the “lagging” large semiconductor deal, Adeia maintained its 2025 sales outlook as its second half of the year pipeline continues to expand and pull forward.