At Extreme Investor Network, we believe in providing our readers with valuable insights and unique information to help them make informed investment decisions. Today, we want to discuss a semiconductor supplier that is well-positioned to benefit from strong Apple sales – Cirrus Logic.
Analyst Matthew Ramsay from TD Cowen has highlighted multiple greenfield growth opportunities for Cirrus Logic, especially in terms of new content opportunities with Apple. While Cirrus Logic’s revenue is heavily dependent on Apple, Ramsay believes that current consensus estimates do not fully account for the potential upside from new content opportunities. This sentiment is echoed by the recent strong fiscal first-quarter results posted by Cirrus Logic, which have driven the stock price up by about 8% and 50% YTD.
In addition to Apple-related business, analysts like Tom O’Malley from Barclays and John Vinh from KeyBanc see further potential for growth in Cirrus Logic’s diversification into PCs and artificial intelligence-driven technologies. Even Stifel’s Tore Svanberg maintains a buy rating and $165 price target, reflecting a 43% upside from the current price.
While Cirrus Logic’s heavy reliance on Apple does pose some risks, analysts are optimistic about the company’s financial strength, technological leadership, and long-term partnerships. Svanberg also notes the company’s ability to weather global macro uncertainty, making Cirrus Logic an attractive investment option for the long term.
At Extreme Investor Network, we believe that Cirrus Logic’s ongoing growth opportunities and strong fundamentals make it a compelling investment choice for investors looking to capitalize on the tech sector’s potential growth. Stay tuned for more expert insights and investment recommendations on our platform.