indie Semiconductor

INDI · NASDAQ

$1.83−$0.04 (−2.14%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $1.87

INDI analyst rating

HoldConsensus of 2 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold2
Underperform0
Sell0

12-month price target · 10 analysts

Average $5.83 (+218.8% upside)

Low: $4.29
Now: $1.83
High: $8.40

Upgrades and downgrades

The latest rating actions, newest first

INDI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Oct 19, 2026	Maintains	Hold	$4.50 → $2.00	39%
TD Cowen	Jul 13, 2026	Maintains	Hold	$4.00 → $4.50	39%
TD Cowen	Jun 10, 2026	Initiates	Hold	$4.00	39%
UBS	May 8, 2026	Maintains	Neutral	$4.25 → $4.75	0%
UBS	Nov 10, 2025	Maintains	Neutral	$4.50 → $5.00	0%

The case for and against

Updated Dec 15, 2025

Bull case

Indie Semiconductor Inc is well-positioned for growth, particularly in the Greater China market, where it has secured partnerships with key original equipment manufacturers (OEMs) such as BYD, YF Tech, and Avatr. The company is gaining confidence in the impending ramp-up of its high average selling price (ASP) and high-margin machine vision and radar programs, with significant revenue contributions anticipated in the upcoming December quarter. This improving visibility and strategic positioning within the burgeoning autonomous and electric vehicle sectors underpin a positive outlook for the company's financial performance.

Bear case

Indie Semiconductor Inc. faces a challenging outlook primarily due to the anticipated divestment, which will eliminate approximately $60 million in annual revenue while simultaneously reducing the burden on gross margins, which are already below 40%. The company's operations are primarily break-even at the bottom line, indicating a lack of profitability despite generating revenue from key automotive semiconductor sectors. Additionally, earlier roadmap resets from original equipment manufacturers (OEMs), such as Ford's shift from EVs to hybrids, have introduced uncertainties that negatively impact the growth trajectory and market confidence in Indie Semiconductor's future, reflecting significant operational risks in a competitive landscape.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.