AudioEye price target lowered to $8 from $10 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on AudioEye to $8 from $10 and keeps a Buy rating on the shares. The company’s Q3 revenue results were inline but the Q4 revenue guidance is “somewhat disappointing,” the analyst tells investors in a research note. The firm believes investors will begin to recognize the “significant operating leverage in the business model” and recommends investors accumulate a position in the shares ahead of accelerating revenue in 2024.