KeyBanc lowered the firm’s price target on Indie Semiconductor (INDI) to $6 from $7 and keeps an Overweight rating on the shares. The firm notes the company reported mixed Q1 results and guided Q2 lower. Uncertainty regarding tariffs has created significant auto headwinds, including a reduction in production at multiple OEMs as Global SAAR is expected to decline 1.6% in 2025; OEMs have paused shipments into the U.S.; tariffs are expected to increase auto pricing on average by 9%, resulting in lower demand.
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Read More on INDI:
- Indie Semiconductor Reports Modest Growth Amid Challenges
- Indie Semiconductor price target lowered to $4 from $6 at Roth Capital
- Indie Semiconductor reports Q1 EPS (8c), consensus (8c)
- Indie Semiconductor sees Q2 revenue $50M-$53M, consensus $56.0M
- indie Semiconductor options imply 13.2% move in share price post-earnings