- Deutsche Bank analyst Ross Seymore initiated coverage of Indie Semiconductor Inc INDI with a Buy rating and $14 price target, implying 66.7% upside.
- As per Seymore, the company offers compelling growth potential in the AutoTech market, one of the most attractive secular growth areas within the semiconductor sector.
- Indie's decade-plus strategic focus on the automotive market has caused significant traction with customers.
- Price action: INDI shares traded higher by 3.75% at $8.57 on the last check Friday.
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