CRUS Stock Forecast: Why Cirrus Logic Is Worth Betting On

March 8, 2018
motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First. 

CRUS Stock Forecast: Why Cirrus Logic Is Worth Betting On

  • The rumor of Apple working on cheaper iPhones is a promising boost for Cirrus Logic.AAPL
  • Cheaper iPhone models with larger screen displays can ignite a super-cycle.
  • Those hold-outs who did not upgrade to the $999 iPhone X, may do so when there’s a more affordable version.
  • Cirrus Logic’s stock is still down 39% from its 52-week high. It is relatively undervalued when compared to its peers.
  • CRUS has bullish near-term and long-term algorithmic market trend forecasts.

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