AudioEye price target raised to $17 from $10 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on AudioEye to $17 from $10 and keeps a Buy rating on the shares. A positive outlook on second half of 2024 revenue growth should continue to push the shares higher, the analyst tells investors in a research note. In addition, the firm says a favorable regulatory environment could serve as a catalyst in driving additional new revenue opportunities. It recommends investors accumulate a position in AudioEye shares ahead of accelerating revenue in 2024 and 2025.