Rosenblatt Maintains Buy Rating on Adeia, Lowers Price Target to $35

Rosenblatt Securities kept its Buy rating on Adeia shares and cut its price target to $35 from $40. The report cites Adeia’s third-quarter revenue and earnings misses and reduced full-year guidance; the new target implies about 69.3% upside from the November 2 closing price of $20.67.