
Adeia (NASDAQ:ADEA) Trading 3.5% Higher Following Analyst Upgrade

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Adeia Inc. (NASDAQ:ADEA) shares rose 3.5% after Rosenblatt Securities upgraded its price target from $17 to $20, maintaining a buy rating. The stock traded at $17.94, with a significant drop in trading volume. Adeia's positive sentiment is bolstered by a long-term media IP license with Disney and raised 2025 financial guidance. However, increased operating expenses and concentration risk from the Disney deal pose potential challenges.
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