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Cirrus Logic Inc. Message Board

  • stkpkr44 stkpkr44 Dec 11, 2012 5:54 AM Flag

    Bottom reached - will head to $50

    The short term bottom has been reached on this stock. It will head higher from here. The average analyst recommendation is a BUY rating with a price target of $50.63. The current quarter's estimate of $1.41 is easily reachable, given the huge demand of iPhone5's and iPad mini's. Apple is opening 4 more stores today in China, Hong Kong, Australia and Sweden. The growth expansion continues and this story is still relevant and will be for years to come.

    Sentiment: Strong Buy

 
CRUS
32.80+0.31(+0.95%)9:38 AMEDT