Here's Why Wall Street is Bullish on indie Semiconductor (INDI)

indie Semiconductor, Inc. (NASDAQ:INDI) is one of the Best Small-cap EV Stocks to Buy According to Analysts. indie Semiconductor, Inc. (NASDAQ:INDI) is up more than 18.8% since the release of its fiscal second quarter results for 2025. The company posted positive results during the quarter with revenue of $51.63 million, topping the estimates by $150,670, while the EPS of negative $40.08 also stayed in line with the expectations. Management noted that both the revenue and gross margins were also above the mid-point of their outlook.

In terms of strategic updates, indie Semiconductor, Inc. (NASDAQ:INDI) announced its definitive agreement to acquire emotion3D GmbH. It is one of the leaders in software technology targeting automotive computer vision.

Since the announcement, several analysts have reiterated their bullish sentiment on the stock. For instance, a day after the earnings release on August 8, Cody Acree from Benchmark Co. reiterated a Buy rating on the stock with a price target of $8. More recently, on September 22, Anthony Stross from Craig-Hallum also reiterated a Buy rating on the stock with a price target of $6.

indie Semiconductor, Inc. (NASDAQ:INDI) is engaged in the development of automotive semiconductors and software for advanced driving systems.

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Disclosure: None. This article is originally published at Insider Monkey.