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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Adeia Inc. (NASDAQ:ADEA) Receives Consensus Recommendation of "Buy" from Brokerages
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.