Shares of Cirrus Logic (CRUS) are soaring 6.35% in pre-market trading on Wednesday, as investors react positively to recent analyst ratings. The stock's significant uptick comes on the heels of KeyBanc Capital Markets reaffirming its Buy rating on the company.
KeyBanc analyst John Vinh maintained a bullish stance on Cirrus Logic, underscoring confidence in the company's prospects. This positive outlook appears to be a key driver behind the stock's pre-market rally. The semiconductor company's shares closed at $98.72 in the previous session, and the current surge suggests a strong opening when regular trading begins.
While KeyBanc's optimistic view is garnering attention, it's worth noting that not all analysts share the same enthusiasm. Barclays, for instance, has maintained its Hold rating on Cirrus Logic. This mixed sentiment among analysts highlights the varying perspectives on the company's future performance. As the market opens, investors will be closely watching to see if the pre-market momentum carries through the regular trading session.
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