Cirrus Logic, Inc. (CRUS)
NASDAQ: CRUS · IEX Real-Time Price · USD
127.15
+1.64 (1.31%)
At close: Jun 18, 2024, 4:00 PM
127.00
-0.15 (-0.12%)
Pre-market: Jun 20, 2024, 4:00 AM 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 -13.49% from the current stock price of 127.15.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $95 $110 $110 $120
Change -25.29% -13.49% -13.49% -5.62%
* 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 '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 333333
Buy 544444
Hold 111111
Sell 000000
Strong Sell 000000
Total 988888

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Benchmark
Benchmark
Hold
Downgrades
n/a
Hold Downgrades n/a n/a May 16, 2024
Barclays
Barclays
Buy
Maintains
$95$110
Buy Maintains $95$110 -13.49% May 8, 2024
Keybanc
Keybanc
Buy
Maintains
$100$120
Buy Maintains $100$120 -5.62% May 8, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$100$115
Strong Buy Maintains $100$115 -9.56% May 8, 2024
Stifel
Stifel
Strong Buy
Maintains
$100$110
Strong Buy Maintains $100$110 -13.49% May 8, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025
Revenue
1.28B1.37B1.78B1.90B1.79B1.84B1.98B
Revenue Growth
8.06%6.88%30.11%6.52%-5.73%3.02%7.49%
EPS
2.643.625.523.094.906.417.21
EPS Growth
80.82%37.12%52.49%-44.02%58.58%30.90%12.43%
Forward PE
-----19.8217.63
No. Analysts -----109
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 1.9B 2.1B
Avg 1.8B 2.0B
Low 1.7B 1.8B

Revenue Growth

Revenue Growth 20242025
High
8.6%
13.1%
Avg
3.0%
7.5%
Low
-5.1%
-1.9%

EPS Forecast

EPS 20242025
High 7.09 7.75
Avg 6.41 7.21
Low 5.40 6.44

EPS Growth

EPS Growth 20242025
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.