Cirrus Logic, Inc. (CRUS)
NASDAQ: CRUS · IEX Real-Time Price · USD
129.24
+2.43 (1.92%)
Jul 26, 2024, 4:00 PM EDT - Market closed
Cirrus Logic Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Cirrus Logic stock have an average target of 122.86, with a low estimate of 95 and a high estimate of 175. The average target predicts a decrease of -4.94% from the current stock price of 129.24.
Analyst Consensus: Strong Buy
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 4 | 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 | 8 | 8 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Buy Maintains $120 → $175 | Buy | Maintains | $120 → $175 | +35.41% | Jul 17, 2024 |
| Keybanc | Keybanc | Buy Maintains $120 → $155 | Buy | Maintains | $120 → $155 | +19.93% | Jul 9, 2024 |
| 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 | -14.89% | May 8, 2024 |
| Keybanc | Keybanc | Buy Maintains $100 → $120 | Buy | Maintains | $100 → $120 | -7.15% | 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.