Cirrus Logic assumed with a Buy at Loop Capital
The Fly

Cirrus Logic assumed with a Buy at Loop Capital

Loop Capital assumed coverage of Cirrus Logic (CRUS) with a Buy rating and $130 price target. The firm maintains that the company is well positioned to be a beneficiary of a step up in Apple’s (AAPL) annual iPhone unit shipments in 2026, which is what investors will be focused on over the next 9-12 months, the analyst tells investors in a research note. Loop also cites Cirrus benefiting from efforts in amplifying battery player capabilities, particularly in the context of upcoming Gen AI smartphone and PC power requirements.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App