Adeia remains top pick at Roth after Disney agreement

Roth Capital maintains a Buy rating on Adeia (ADEA) with a $27 price target after the company entered into a long-term licensing agreement with the Disney (DIS). The stock in midday trading is up 29%, or $3.74, to $16.51. The news is “meaningful,” as all of Adeia ‘s outstanding Disney litigation is dismissed, its 2025 guidance is raised, and the company’s intellectual property media sales are on a path to return to growth in 2026, the analyst tells investors in a research note. Roth says Adeia remains a top pick.