Arbe Robotics (ARBE) continued to be on an upward trajectory in trading on Tuesday after the radar technology company entered into a strategic partnership with Nvidia (NVDA). The company showcased its ultra-high-definition radar technology at the CES trade show this year.
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ARBE’s Partnership with NVDA
ARBE has collaborated with NVDA to revolutionize the automotive industry through advancements in free-space mapping and AI-driven capabilities. With this partnership, Arbe’s high-resolution radar will be combined with Nvidia’s AI-optimized processor to offer advanced hands-free driving and real-time safety applications.
What Is the Target Price for Arbe Robotics?
Analysts remain cautiously optimistic about ARBE stock, with a Moderate Buy consensus rating based on a unanimous two Buys. Over the past year, ARBE has increased by more than 90%, and the average ARBE price target of $3.50 implies a downside potential of 21.2% from current levels.
