
Cirrus Logic (CRUS) Stock Forecast & Price Target
Cirrus Logic (CRUS) Analyst Ratings
Bulls say
Cirrus Logic demonstrated a positive financial performance with a 4.5% year-over-year and 3.5% quarter-over-quarter sales increase, primarily driven by a better product mix and higher smartphone unit volumes. The company's gross margin improved by 60 basis points quarter-over-quarter, reflecting favorable product positioning and reduced inventory reserves, although pricing reductions had a mitigating effect. With a strong balance sheet featuring $1.08 billion in cash and expectations for significant revenue growth in the high-performance mixed-signal (HPMS) segment, Cirrus Logic is well-positioned to potentially exceed $2 billion in annual revenue for the first time, supported by ongoing advancements in product offerings and increased market adoption.
Bears say
Cirrus Logic Inc. is facing a negative outlook primarily due to significant reliance on a limited customer base, with Apple contributing 94% of quarterly revenue, making the company vulnerable to fluctuations in demand from this key client. The decline in revenue from general markets, alongside a 38% quarter-over-quarter drop, further highlights challenges related to product concentration and the aging of legacy products reaching end-of-life. Additionally, potential economic downturns and supply chain disruptions could exacerbate these challenges, negatively impacting future revenue projections and the company's overall financial stability.
This aggregate rating is based on analysts' research of Cirrus Logic and is not a guaranteed prediction by Public.com or investment advice.
Cirrus Logic (CRUS) Analyst Forecast & Price Prediction
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