KeyBanc Raises Cirrus Logic Target to $200, Citing 19% Upside Potential
CRUS•KeyBanc raised its price target for Cirrus Logic to $200, implying a 19.3% upside from the $167.69 share price at announcement. The company posted Q4 EPS of $1.95, beating estimates by $0.19, and achieved record fiscal year revenue of $2.00 billion on $448.5 million in quarterly sales.
1. Analyst Price Target Increase
KeyBanc increased its price target for Cirrus Logic to $200, reflecting renewed optimism in the company’s audio and voice signal processing circuits. The new target implies a 19.3% appreciation from the $167.69 share price at the time of announcement.
2. Strong Q4 Earnings Performance
Cirrus Logic delivered Q4 earnings of $1.95 per share, beating estimates by $0.19 and rising from $1.67 a year ago. Quarterly revenue reached $448.5 million, driven by robust demand in both smartphone and PC markets.
3. Record Fiscal Year Revenue
The company achieved a record full fiscal year revenue of $2.00 billion, its highest annual sales figure to date. Growth was propelled by strong market share in key segments and consistent execution throughout the year.
4. Valuation and Upside Potential
With a market capitalization of approximately $8.55 billion, the stock offers a projected 19.3% upside to the $200 target. The price target increase underscores confidence in Cirrus Logic’s growth trajectory and valuation metrics.
