Adeia (ADEA) stock is soaring 5.26% in premarket trading on Tuesday, following the release of its better-than-expected Q1 earnings report and positive analyst ratings. The company, which specializes in intellectual property licensing, reported non-GAAP earnings of $0.26 per diluted share for the first quarter, surpassing both the previous year's $0.25 and analysts' expectations of $0.25 per share.

The strong quarterly performance was further bolstered by a year-over-year revenue increase to $87.7 million from $83.4 million, although slightly below the $89 million forecast by analysts. Adeia also maintained its full-year 2025 revenue guidance of $390 million to $430 million, in line with analysts' expectations of $408.6 million, demonstrating confidence in its ongoing business strategy.

Adding to the positive sentiment, BWS Financial analyst Hamed Khorsand reiterated a Buy rating on Adeia with an $18.00 price target, citing the company's strategic licensing and market positioning. Similarly, Rosenblatt maintained its Buy rating on the stock, further reinforcing investor confidence in Adeia's growth potential and market undervaluation.