AudioEye price target raised to $23 from $17 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on AudioEye to $23 from $17 and keeps a Buy rating on the shares. The shares are moving ahead of accelerating revenue growth in the second half of 2024 and 2025, the analyst tells investors in a research note. The firm recommends investors accumulate a position in the shares ahead of accelerating revenue in 2024 and 2025.