Cirrus Logic Reports Fiscal Second Quarter Revenue of $541.9 Million

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Cirrus Logic (CRUS) PT Lowered to $109 at CFRA

November 5, 2024 2:30 PM EST

CFRA analyst Angelo Zino lowered the price target on Cirrus Logic (NASDAQ: CRUS) to $109.00 (from $150.00) while maintaining a Hold rating.

The analyst comments "We reduce our 12-month target to $109 from $150 on a lower revised P/E of 16x our CY 25 EPS view of... More