Indie Semiconductor price target raised to $8 from $6 at Roth Capital

Roth Capital raised the firm’s price target on Indie Semiconductor (INDI) to $8 from $6 and keeps a Buy rating on the shares. The firm cites the company having announced a new laser product from its photonics business unit that targets both the automotive and quantum computing markets, and Roth believes that Indie’s product is differentiated and presents content growth opportunity in the emerging quantum computing space, the analyst tells investors in a research note.