In a report released today, Cody Acree from Benchmark Co. reiterated a Buy rating on indie Semiconductor (INDI – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $6.47.
According to TipRanks, Acree is a 5-star analyst with an average return of 19.7% and a 65.56% success rate. Acree covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and Broadcom.
Currently, the analyst consensus on indie Semiconductor is a Strong Buy with an average price target of $13.67.
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INDI market cap is currently $943.3M and has a P/E ratio of -5.87.
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Serving the automotive sector, indie Semiconductor develops cutting-edge semiconductors and software platforms.
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