Roth Capital analyst Scott Searle raised the firm’s price target on Adeia (ADEA) to $34 from $27 and keeps a Buy rating on the shares. The company’s multi-year license agreement with AMD is “significant,” the analyst tells investors in a research note. The firm says the pact provides “significant validation” for hybrid bonding into logic applications and should allay fears of protracted AMD litigation for Adeia.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADEA:
- Adeia management to meet with Maxim
- Adeia, UMC expand long-term collaboration in hybrid bonding technologies
- Adeia price target raised to $40 from $30 at Rosenblatt
- Morning News Wrap-Up 3/9/26: Monday’s Biggest Stock Market Stories!
- Adeia settlement gives BWS greater confidence in revenue hitting high end