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Cirrus Logic Plunges 4.81% Amid Earnings Woes
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 10, 2025 5:22 am ET1min read
On April 10, 2025, Cirrus Logic's stock price dropped by 4.81% in pre-market trading, reflecting a significant decline in investor sentiment.
Cirrus Logic has faced a challenging period, with its share price falling by 29% over the past month. This decline is attributed to a lackluster performance and falling earnings, which have outpaced those of many other companies.
Despite the recent downturn, some investors remain optimistic. Massachusetts Financial Services Co. increased its holdings in
by 77.7% during the fourth quarter, indicating confidence in the company's long-term prospects.Analysts have given Cirrus Logic a "Moderate Buy" rating, with a consensus price target of $132.86. This suggests that while the current market conditions are challenging, there is potential for the stock to recover in the future.
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