Iveda Solutions price target raised to $3 from $2 at Maxim

Maxim raised the firm’s price target on Iveda Solutions to $3 from $2 and keeps a Buy rating on the shares. The company’s Q4 results highlight its emerging traction in video surveillance and AI end markets, the analyst tells investors in a research note, adding that its multiple contract wins also reinforce the firm’s confidence in its revenue growth outlook.