04:12 AM EDT, 05/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $112, based on a P/E of 14.7x our CY 26 EPS of $7.62, below analog peers and CRUS's 10-year historical forward moving average of 15.7x to reflect high customer concentration risk (Apple at 88% of sales) and leverage to mature markets. After posting better-than-expected Mar-Q results and offering Jun-Q guidance modestly above our view, we keep our FY 26 (Mar.) EPS estimate at $7.13 and set FY 27 at $7.73. This reflects our more cautious stance in H2 CY 25, as uncertainty tied to tariffs and potential pull-in of customer orders likely lead to below seasonal growth as the year progresses. We see net cash of $835M, over $15 per share, aiding valuation and more aggressive buybacks. Although we like investments in new products (e.g., boosted amplifiers, haptic drivers, and biometric technology), CRUS has been unable to successfully diversify away from Apple. We think investors need to see better execution on addressable market expansion plans before getting more excited about shares.