Cirrus Logic price target raised to $175 from $150 at KeyBanc

KeyBanc raised the firm’s price target on Cirrus Logic (CRUS) to $175 from $150 and keeps an Overweight rating on the shares. The firm says Apple (AAPL) iPhone demand and build trends should support upside to near-term estimates. However, the staggered launch for the iPhone 18 is likely to result in negative year-over-year growth in the second half of 2026. KeyBanc thinks long-term, Cirrus remains well positioned to sustain content growth at Apple, while the firm believes in the SoundWire opportunity in PC NB and views this as a sustainable opportunity capable of reaching 10% of revenues.