indie Semiconductor, Inc. (INDI) Closing in on Profitability amid Backlog Growth

indie Semiconductor, Inc. (NASDAQ:INDI) is a must-buy penny stock to buy now. On November 10, UBS resumed coverage of indie Semiconductor, Inc. (NASDAQ:INDI) with a Neutral rating and raised its price target to $5 from $4.50, noting supply-driven earnings shortfalls and cautious December guidance, while highlighting stable ADAS trends but limited upside until a potential earnings inflection in late 2026. Benchmark Co reiterated a Buy rating on the stock on November 7 and set an $8 price target, following b ...