Cirrus Logic, Inc. (CRUS)
NASDAQ: CRUS · IEX Real-Time Price · USD
129.77
+2.48 (1.95%)
At close: Jul 2, 2024, 4:00 PM
131.07
+1.30 (1.00%)
After-hours: Jul 2, 2024, 7:45 PM EDT
Cirrus Logic Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Cirrus Logic stock have an average target of 110, with a low estimate of 95 and a high estimate of 120. The average target predicts a decrease of -15.23% from the current stock price of 129.77.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 8, 2024.
Analyst Ratings
The average analyst rating for Cirrus Logic stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 5 | 4 | 4 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | May 16, 2024 |
| Barclays | Barclays | Buy Maintains $95 → $110 | Buy | Maintains | $95 → $110 | -15.23% | May 8, 2024 |
| Keybanc | Keybanc | Buy Maintains $100 → $120 | Buy | Maintains | $100 → $120 | -7.53% | May 8, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $100 → $115 | Strong Buy | Maintains | $100 → $115 | -11.38% | May 8, 2024 |
| Stifel | Stifel | Strong Buy Maintains $100 → $110 | Strong Buy | Maintains | $100 → $110 | -15.23% | May 8, 2024 |
Financial Forecast
Revenue This Year
1.84B
from 1.79B
Increased by 3.02%
Revenue Next Year
1.98B
from 1.84B
Increased by 7.49%
EPS This Year
6.41
from 4.90
Increased by 30.90%
EPS Next Year
7.21
from 6.41
Increased by 12.43%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.9B | 2.1B |
| Avg | 1.8B | 2.0B |
| Low | 1.7B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 8.6% | 13.1% |
| Avg | 3.0% | 7.5% |
| Low | -5.1% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 7.09 | 7.75 |
| Avg | 6.41 | 7.21 |
| Low | 5.40 | 6.44 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 44.6% | 20.8% |
| Avg | 30.9% | 12.4% |
| Low | 10.2% | 0.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.