AudioEye price target raised to $10 from $8 at Craig-Hallum

Craig-Hallum analyst George Sutton raised the firm’s price target on AudioEye to $10 from $8 and keeps a Buy rating on the shares. This quarter was a good result, and the guide supports an accelerating growth story ahead with solid profitability, the firm says. The long-term mega-catalyst, a DOJ mandate to require online accessibility, is likely a Q2 event, Craig-Hallum adds.