$CRUS

CIRRUS LOGIC, INC.

0
0
6
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$126K
Baumgartner Jeffrey W
100%
See all $CRUS insider activity →

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Applied Digital, Chipotle Mexican Grill, Cirrus Logic, Costco, Digital Realty Trust, Intuitive Surgical, Netflix, Robinhood Markets, Zscaler, and More

Wall Street analysts issued updates on multiple companies. Upgrades include Intuitive Surgical (ISRG) to Buy, Northrop Grumman (NOC) to Outperform, and Zoom (ZM) to Outperform. Downgrades include Chipotle (CMG) to Hold, Cirrus Logic (CRUS) to Underweight, and Netflix (NFLX) to Hold. Initiations include Applied Digital (APLD) with a Buy rating, Costco (COST) with an Outperform rating, and Robinhood (HOOD) with a Buy rating.

Analyst recommendations: Cirrus Logic, Fortinet, Ge Aerospace, Moderna, Nebius

Analysts updated ratings and price targets for several companies. Barclays downgraded Cirrus Logic (CRUS) to underweight, reducing its target to $95. UBS upgraded Clean Harbors (CLH) to buy, raising its target to $375. Fortinet (FTNT) was downgraded to sell by Arete Research, which increased its target to $117. GE Aerospace (GE) was downgraded to neutral by President Capital Management, cutting its target to $330.

CRUS sentiment & insider activity

Over the past 7 days, AlphAI's AI scored 6 news stories mentioning CRUS (CIRRUS LOGIC, INC.). Coverage has skewed bearish: 0 bullish, 0 neutral, and 6 bearish.

Recent CRUS coverage spans financial news and market movers.

In the last 30 days, CRUS insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($126K). The most active reporter was Baumgartner Jeffrey W, EVP, R&D, with 1 filing. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.

What's driving CRUS

AlphAI scores every news story that mentions CRUS with an AI model for sentiment and relevance, and aggregates insider trades from CIRRUS LOGIC, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.

News on $CRUS

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$CLHLow

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Applied Digital, Chipotle Mexican Grill, Cirrus Logic, Costco, Digital Realty Trust, Intuitive Surgical, Netflix, Robinhood Markets, Zscaler, and More

Wall Street analysts issued updates on multiple companies. Upgrades include Intuitive Surgical (ISRG) to Buy, Northrop Grumman (NOC) to Outperform, and Zoom (ZM) to Outperform. Downgrades include Chipotle (CMG) to Hold, Cirrus Logic (CRUS) to Underweight, and Netflix (NFLX) to Hold. Initiations include Applied Digital (APLD) with a Buy rating, Costco (COST) with an Outperform rating, and Robinhood (HOOD) with a Buy rating.

Analyst recommendations: Cirrus Logic, Fortinet, Ge Aerospace, Moderna, Nebius

Analysts updated ratings and price targets for several companies. Barclays downgraded Cirrus Logic (CRUS) to underweight, reducing its target to $95. UBS upgraded Clean Harbors (CLH) to buy, raising its target to $375. Fortinet (FTNT) was downgraded to sell by Arete Research, which increased its target to $117. GE Aerospace (GE) was downgraded to neutral by President Capital Management, cutting its target to $330.

$CRUSHigh

Why is Cirrus Logic stock climbing today?

Cirrus Logic stock rose 1.6% in pre-market trading after Apple's foldable iPhone Duo saw strong pre-order demand. The company, which generates 80% of its revenue from Apple, benefited despite a KeyBanc downgrade citing potential iPhone unit volume declines and delayed PC diversification. The stock opened at $105.15, near its 52-week low, before recovering to $110.15. The move contrasts with a mixed broader market, with the NASDAQ down 0.3% due to higher-than-expected CPI data.

$CRWVLow

Futures Slide As AI Unwind Goes Global: Kospi Crashes Into Bear Market, Treasuries Soar

US futures decline as global AI sector selloff intensifies, with Korea's Kospi entering a bear market and CoreWeave bonds in distress. Anthropic's Q3 revenue growth slows, and Gartner warns of potential AI infrastructure impairment. Treasuries rally, with 10Y yields dropping 10bps to 5.08%. S&P 500, Nasdaq 100, and SOX indices fell yesterday. Premarket, Apple gains while other Mag-7 and AI-related stocks slide. Gold rises as AngloGold Ashanti is upgraded by Goldman Sachs.

$BACLow

Here Are Thursday’s Top Wall Street Analyst Research Calls: AngloGold Ashanti, Bank of America, Cirrus Logic, Crocs, Diamondback Energy, Devon Energy, Netflix, PayPal, Spotify Technolgy, and More

Wall Street analysts issued upgrades, downgrades, and initiations for various companies. Bank of America (BAC) was upgraded to Outperform, while PayPal (PYPL) was downgraded to Underperform. Other notable actions include upgrades for Crocs (CROX) and Walmart (WMT), and downgrades for Align Technology (ALGN) and Spotify (SPOT). The market saw declines, with the Nasdaq down 1.88% due to inflation concerns and energy price impacts.

$CRUSMed

KeyBanc downgrades Cirrus Logic after Asia trip, sees memory and analog strength

KeyBanc downgraded Cirrus Logic (CRUS) to Sector Weight, citing limited growth prospects due to Apple's reduced wafer starts. Analyst John Vinh expects memory prices to rise, benefiting Micron (MU) and analog chipmakers like Analog Devices (ADI), Microchip (MCHP), Texas Instruments (TXN), and NXP (NXPI). Data center and AI demand are driving shortages and price increases.

$CRUSMed

KeyBanc downgrades Cirrus Logic stock rating on Apple concerns

KeyBanc downgraded Cirrus Logic (CRUS) to Sector Weight, citing concerns over its Apple exposure and delayed diversification. Apple's cuts suggest iPhone unit declines, with 80% of CRUS revenue tied to Apple. CRUS stock is near 52-week lows, down 31% in six months. Despite a recent earnings beat, revenue fell short of estimates, leading Stifel to lower its price target to $160. CRUS is a potential undervalued opportunity, according to InvestingPro.

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