Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cirrus Logic Inc Market Cap
From what 7 stock analysts predict, the share price for Cirrus Logic Inc (CRUS) might increase by 28.3% in the next year. This is based on a 12-month average estimation for CRUS. Price targets go from $105 to $160. The majority of stock analysts believe CRUS is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 7 Wall Street analysts have assignedCRUS 4 buy ratings, 3 hold ratings, and 0 sell ratings. This means that analysts expect Cirrus Logic Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CRUS. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CRUS.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Christopher Rolland Susquehanna | Positive | $140 | Maintains | Nov 18, 2024 |
| Christopher Rolland Susquehanna | Positive | $135 | Maintains | Nov 5, 2024 |
| Tom O'Malley Barclays | Equal-Weight | $105 | Maintains | Nov 5, 2024 |
| Tore Svanberg Stifel | Buy | $140 | Maintains | Nov 5, 2024 |
| Christopher Rolland Susquehanna | Positive | $160 | Maintains | Oct 21, 2024 |
| Tom O'Malley Barclays | Equal-Weight | $120 | Downgrade | Oct 10, 2024 |
| Tom O'Malley Barclays | Overweight | $140 | Maintains | Aug 7, 2024 |
| John Vinh Keybanc | Overweight | $165 | Maintains | Aug 7, 2024 |
| Tore Svanberg Stifel | Buy | $165 | Maintains | Jul 18, 2024 |
| Christopher Rolland Susquehanna | Positive | $175 | Maintains | Jul 17, 2024 |
| John Vinh Keybanc | Overweight | $155 | Maintains | Jul 9, 2024 |
| David Williams Benchmark | Hold | Downgrade | May 16, 2024 | |
| John Vinh Keybanc | Overweight | $120 | Maintains | May 8, 2024 |
| Blayne Curtis Barclays | Overweight | $110 | Maintains | May 8, 2024 |
| Matthew Ramsay TD Cowen | Buy | $115 | Maintains | May 8, 2024 |
| Tore Svanberg Stifel | Buy | $110 | Maintains | May 8, 2024 |
| Christopher Rolland Susquehanna | Positive | $120 | Maintains | May 8, 2024 |
| Christopher Rolland Susquehanna | Positive | $100 | Maintains | Feb 7, 2024 |
| Tore Svanberg Stifel | Buy | $100 | Maintains | Feb 7, 2024 |
| Tom O'Malley Barclays | Overweight | $95 | Maintains | Jan 16, 2024 |
When did it IPO
1989
Staff Count
1,609
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. John M. Forsyth
Market Cap
$5.55B
In 2023, CRUS generated $1.90B in revenue, which was a increase of 6.52% from the previous year. This can be seen as a signal that CRUS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 04 Dec 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cirrus Logic (CRUS) reported earnings 30 days ago; investors should monitor upcoming developments and market reactions for potential stock movement.
Why It Matters - Cirrus Logic's recent earnings report can indicate future stock performance, affecting investor sentiment and potential stock price movements. Market reactions to earnings are critical for valuation.
Fri, 06 Dec 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - CRUS has launched new timing solutions aimed at enhancing audio performance in professional audio and automotive sectors.
Why It Matters - CRUS's new timing solutions could enhance audio performance, potentially driving sales growth in key markets like professional audio and automotive, impacting revenue and stock value positively.
Thu, 05 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cirrus Logic (Nasdaq: CRUS) launched a new range of timing products aimed at improving audio experiences in automotive and professional audio sectors, enhancing functionality for existing customers.
Why It Matters - Cirrus Logic's launch of new timing products strengthens its competitive edge in audio engineering, potentially boosting revenue and market share in automotive and professional sectors, positively impacting stock performance.
Wed, 04 Dec 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Cirrus Logic, Inc. (Nasdaq: CRUS) will present at the Barclays Annual Global Technology Conference on December 12, 2024. A live webcast will be available on their investor relations site.
Why It Matters - Cirrus Logic's executive presentation at a major conference can influence investor sentiment, potentially impacting stock performance and providing insights into company strategy and market positioning.
Fri, 22 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Cirrus Logic reported record September revenue but provided lower December guidance, citing revenue shifts and a shorter quarter. Future growth is anticipated from new PC and Android products.
Why It Matters - Cirrus Logic's record revenue contrasts with weak December guidance, indicating potential volatility. Revenue shifts and shorter quarters may impact future earnings, influencing investor sentiment and stock performance.
Tue, 19 Nov 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - CRUS faces rising costs and intense competition, along with a heavy dependence on one customer for revenue, raising concerns for investors.
Why It Matters - Rising costs and dependence on a single customer raise risks for CRUS stock, potentially impacting profitability and stability, which can deter investment interest.
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