AdeiaNASDAQ: ADEA

SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enhance billions of devices and shape the way the world explores and experiences entertainment, has entered into a multi-year license agreement with X Corp., the owner of the social media platform formerly known as Twitter.

The average price target suggests a potential 32.6% increase for Adeia (ADEA). Although studies have shown this metric may not always be accurate, an increase in earnings estimates could indicate a potential rise in the stock in the near future.

Adeia (ADEA) reported quarterly earnings of $0.25 per share, surpassing the Zacks Consensus Estimate of $0.22 per share. This is lower than the earnings of $0.48 per share from the same period last year.

Adeia (ADEA) reachead $10.65 at the closing of the latest trading day, reflecting a -1.39% change compared to its last close.

Adeia (ADEA) closed the most recent trading day at $10.59, moving +0.09% from the previous trading session.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

In the latest trading session, Adeia (ADEA) closed at $10.91, marking a -0.27% move from the previous day.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

While it's tempting to jump on a company like Nvidia (NASDAQ: NVDA ), at some point, it won't match expectations, which brings us to a discussion about underappreciated tech stocks. They're nowhere near as enticing as NVDA.