Barclays analyst Tom O’Malley has revised the price target for Cirrus Logic (CRUS, Financial) from a previous $115 to $80. Despite the reduction, the analyst maintains an Equal Weight rating on the company's stock. This update comes as Barclays adjusts its semiconductor and semiconductor equipment models, taking into account the looming trade tensions and tariffs ahead of the first quarter earnings reports.
The revised target is influenced by a reassessment of risk factors related to China's market and consumer exposure, which has led to a reduction in target multiples. This strategic adjustment underscores the potential impacts of the ongoing trade disputes on Cirrus Logic's financial outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Cirrus Logic Inc (CRUS, Financial) is $125.62 with a high estimate of $140.00 and a low estimate of $112.00. The average target implies an upside of 46.44% from the current price of $85.78. More detailed estimate data can be found on the Cirrus Logic Inc (CRUS) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Cirrus Logic Inc's (CRUS, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cirrus Logic Inc (CRUS, Financial) in one year is $94.54, suggesting a upside of 10.21% from the current price of $85.78. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cirrus Logic Inc (CRUS) Summary page.
