Adeia price target raised to $43 from $34 at Roth Capital

Roth Capital raised the firm’s price target on Adeia (ADEA) to $43 from $34 and keeps a Buy rating on the shares. The company posted a solid Q1 earnings beat, predominantly on one-time catch-up fees, and reiterated its 2026 guidance, the analyst tells investors in a research note. The seminal AMD (AMD) agreement is the front end of an expanding hybrid bonding – HB – opportunity into logic devices across an expanding array of devices, the firm added.