In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Ceva (CEVA – Research Report), with a price target of $45.00. The company’s shares opened today at $25.67.
According to TipRanks, Cassidy is a top 100 analyst with an average return of 20.4% and a 63.73% success rate. Cassidy covers the Technology sector, focusing on stocks such as Qualcomm, Navitas Semiconductor, and ON Semiconductor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ceva with a $41.00 average price target.
CEVA market cap is currently $680.9M and has a P/E ratio of 794.31.
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CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific. Its portfolio include platforms for 5G baseband processing for handsets and radio access network; offerings for cellular internet of things; front-end voice and speech recognition software and algorithms with digital signal processing for voice enabled devices and AI assistants; imaging and computer vision for any camera-enabled device; and a self-contained AI processors. The company was founded on November 22, 1999 and is headquartered in Mountain View, CA.