Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018.Given the uncertain financial landscape, investors want to know how they can pinpoint stocks that are poised to deliver returns through 2021 and beyond.
a thumb's up. As such, the five-star analyst reiterated a Buy rating and $115 price target, bringing the upside potential to 44%. Referring to the June quarter guidance as "challenging," the company did not disappoint with its outlook for the September quarter. What's more, management told investors that the company could have shipped even more of its products to customers during the quarter, but upside was limited by the supply.
Additionally, the company offered up more details about its acquisition of Lion Semiconductor, which was announced in July. Management is calling for $60 million in additional revenue for the year, and Cirrus is expecting to have existing strong relationships with numerous Chinese original equipment manufacturers.
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