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Rosenblatt maintained their Buy rating on Adeia's stock with a price target of $40.00.The price target implies an upside of 60.5% from the Sep 28 close of $24.92.Key takeaways from the analyst noteStrong Leadership Transition: The appointment of Dipti Vachani as CEO is seen as a positive move, as s…
Adeia Inc. (NASDAQ: ADEA ) shares traded lower on Wednesday after the company said its wholly owned subsidiary filed a patent infringement lawsuit against FuboTV Inc. (NYSE: FUBO ) and certain subsidiaries. • Adeia stock is showing weakness. Why are ADEA shares declining? Adeia Sues Fubo Over Patent Claims The lawsuit,