Susquehanna analyst Christopher Rolland has reiterated their bullish stance on CRUS stock, giving a Buy rating today.
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Christopher Rolland has given his Buy rating due to a combination of factors including Cirrus Logic’s recent financial performance and strategic positioning. The company reported stronger-than-expected results, driven by increased smartphone volumes and a favorable mix, particularly benefiting from its new smart codec in the iPhone 16. Additionally, Cirrus Logic secured flagship positions in audio and haptics with major Android OEMs, further solidifying its market presence.
Beyond smartphones, Cirrus Logic is capitalizing on opportunities in the laptop market, with promising revenue projections and design wins at Intel. The company is also exploring new avenues, such as automotive, where it is sampling innovative audio timing products. These factors, combined with improved gross margins and lower supply chain costs, underpin Rolland’s positive outlook on the stock, leading to a maintained price target of $140.