Adeia price target raised to $30 from $20 at Rosenblatt

Rosenblatt raised the firm’s price target on Adeia (ADEA) to $30 from $20 and keeps a Buy rating on the shares. The company reported record quarterly revenue and profits through successfully defending its patent suit with Disney, the analyst tells investors in a research note. The firm says Adeia’s 2026 revenue guidance mid-point suggests 15% growth when excluding the nonrecurring payment from the Disney suit. The declining number of pay TV subscribers has been a headwind to Adeia’s growth, but this is now subsiding, contends Rosenblatt.