Adeia Inc. (NASDAQ:ADEA) Receives Consensus Recommendation of "Buy" from Brokerages

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Adeia Inc. (NASDAQ:ADEA) has received a consensus “Buy” recommendation from six brokerages, with an average 12-month price target of $22.00. Institutional investors hold a significant portion of the company’s shares. Despite missing recent earnings and revenue estimates, the company’s stock trades near $17.31 with a market capitalization of $1.90 billion.

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