Craig-Hallum lowered the firm’s price target on Indie Semiconductor (INDI) to $8 from $10 and keeps a Buy rating on the shares. The firm believes the worst is now behind Indie as the December quarter was solid and major programs remain largely on track. The March revenue guide was in-line with Craig-Hallum’s estimate but below the Street with uncertainty around Tariffs somewhat affecting orders.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INDI:
- Indie Semiconductor price target lowered to $7 from $8 at KeyBanc
- 3 Best Stocks to Buy Now, 2/21/2025, According to Top Analysts
- Indie Semiconductor Announces Q4 2024 Earnings
- Indie Semiconductor reports Q4 adjusted EPS (7c), consensus (7c)
- Indie Semiconductor sees Q1 revenue $52.5M-$57.5M, consensus $61.34M