Cowen analyst Matthew Ramsay raised the firm’s price target on Ceva to $40 from $30 and keeps an Outperform rating on the shares. The analyst said results were a mixed bag but we are leaning positive with 4Q likely better than feared. Cowen said all is on track long-term despite the unsurprising first half 2023 macro softness.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CEVA:
- CEVA, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results
- Ceva reports Q4 adjusted EPS 23c, consensus 17c
- Ceva’s AFE solution now Alexa Voice Service qualified
- Ceva: Sino Wealth licenses, deploys CEVA’s Bluetooth connectivity platform
- Ceva and Autotalks expand collaboration for 5G-V2X solution
