BWS Financial maintains Buy rating and $50 price target on Adeia
ADEA Adeia Inc
$23.89 -0.93%
View chart & analysis → - 1Adeia shares closed at $24.31 on October 7, marking a 28% decline from its May peak.
- 2BWS Financial reaffirmed its Buy rating on Adeia on October 7, suggesting an upside potential of 106% from the current price.
- 3Adeia reported second quarter revenue of $96.1 million on August 3.
So what's the key point?
Adeia's stock price has fallen about 28 percent since May. However, BWS Financial maintained its buy rating, expecting the stock to rise further.
Source TIKR · View original ↗
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