Cirrus Logic, Inc. (CRUS)
NASDAQ: CRUS · IEX Real-Time Price · USD
88.53
+1.22 (1.40%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Cirrus Logic Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Cirrus Logic stock have an average target of 95.63, with a low estimate of 80 and a high estimate of 100. The average target predicts an increase of 8.02% from the current stock price of 88.53.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 7, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 4 | 4 | 5 | 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 | 8 | 8 | 9 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $95 → $100 | Strong Buy | Maintains | $95 → $100 | +12.96% | Feb 7, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $85 → $100 | Buy | Maintains | $85 → $100 | +12.96% | Feb 7, 2024 |
| Barclays | Barclays | Buy Maintains $90 → $95 | Buy | Maintains | $90 → $95 | +7.31% | Jan 16, 2024 |
| Keybanc | Keybanc | Buy Maintains $110 → $100 | Buy | Maintains | $110 → $100 | +12.96% | Nov 3, 2023 |
| Loop Capital | Loop Capital | Hold → Strong Buy Upgrades $83 → $100 | Hold → Strong Buy | Upgrades | $83 → $100 | +12.96% | Nov 1, 2023 |
Financial Forecast
Revenue This Year
1.77B
from 1.90B
Decreased by -6.78%
Revenue Next Year
1.83B
from 1.77B
Increased by 3.34%
EPS This Year
6.12
from 3.09
Increased by 98.16%
EPS Next Year
6.34
from 6.12
Increased by 3.60%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 1.8B | 1.9B | 2.1B |
| Avg | 1.8B | 1.8B | 1.9B |
| Low | 1.7B | 1.6B | 1.7B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -3.7% | 9.8% | 12.5% |
| Avg | -6.8% | 3.3% | 3.9% |
| Low | -11.8% | -6.8% | -6.7% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 6.36 | 7.35 | 7.39 |
| Avg | 6.12 | 6.34 | 6.49 |
| Low | 5.72 | 5.36 | 5.59 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 105.9% | 20.0% | 16.5% |
| Avg | 98.2% | 3.6% | 2.3% |
| Low | 85.2% | -12.5% | -11.9% |
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.