Loop Capital assumed coverage of Cirrus Logic (CRUS) with a Buy rating and $130 price target. The firm maintains that the company is well positioned to be a beneficiary of a step up in Apple’s (AAPL) annual iPhone unit shipments in 2026, which is what investors will be focused on over the next 9-12 months, the analyst tells investors in a research note. Loop also cites Cirrus benefiting from efforts in amplifying battery player capabilities, particularly in the context of upcoming Gen AI smartphone and PC power requirements.
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