In a report released today, Anthony Stoss from Craig-Hallum reiterated a Buy rating on indie Semiconductor (INDI – Research Report), with a price target of $12.00. The company’s shares opened today at $5.76.
According to TipRanks, Stoss is a 5-star analyst with an average return of 7.6% and a 50.27% success rate. Stoss covers the Technology sector, focusing on stocks such as indie Semiconductor, Digi International, and Semtech.
indie Semiconductor has an analyst consensus of Strong Buy, with a price target consensus of $12.60, an 118.75% upside from current levels. In a report released today, Roth MKM also maintained a Buy rating on the stock with a $10.00 price target.
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Based on indie Semiconductor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $45.46 million and a GAAP net loss of $13.13 million. In comparison, last year the company earned a revenue of $20.45 million and had a GAAP net loss of $4.23 million
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indie Semiconductor (INDI) Company Description:
Serving the automotive sector, indie Semiconductor develops cutting-edge semiconductors and software platforms.
Read More on INDI:
- 3 Best Stocks to Buy Now, 10/18/2023, According to Top Analysts
- Indie Semiconductor sees Q3 revenue above $60M, consensus $60.02M
- Indie Semiconductor files to sell 10.07M shares of Class A common for holders
- Indie Semiconductor acquires Exalos AG for $45M
- Indie Semiconductor management to meet with B. Riley
