Loop Capital Markets analyst Ananda Baruah reiterated a Buy rating on Cirrus Logic (CRUS – Research Report) today and set a price target of $100.00. The company’s shares closed yesterday at $72.57.
Baruah covers the Technology sector, focusing on stocks such as Super Micro Computer, Cirrus Logic, and 3D Systems. According to TipRanks, Baruah has an average return of 6.1% and a 52.82% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cirrus Logic with a $91.00 average price target, which is a 25.40% upside from current levels. In a report released on November 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $95.00 price target.
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CRUS market cap is currently $3.91B and has a P/E ratio of 29.35.
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Cirrus Logic (CRUS) Company Description:
Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.
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