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.

While we acknowledge the potential of INDI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INDI and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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