---
title: "Buchalter Doubles Down on CEVA: Strong AI Licensing Momentum, Automotive Wins Drive Buy Rating and Price Target Hike from $24 to $45"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286026381.md"
description: "Analyst Joshua Buchalter of TD Cowen has maintained a Buy rating on CEVA, raising the price target from $24 to $45. This decision is based on CEVA's strong licensing performance, particularly in AI and automotive sectors, which has driven revenue and earnings above expectations. The company has seen double-digit growth and a favorable mix of system-level deals. Buchalter highlights AI momentum and automotive design wins as significant long-term value drivers. Roth MKM also supports this outlook with a Buy rating and a $45 price target."
datetime: "2026-05-12T02:45:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286026381.md)
  - [en](https://longbridge.com/en/news/286026381.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286026381.md)
---

# Buchalter Doubles Down on CEVA: Strong AI Licensing Momentum, Automotive Wins Drive Buy Rating and Price Target Hike from $24 to $45

Analyst Joshua Buchalter of TD Cowen maintained a Buy rating on Ceva, boosting the price target to $45.00.

Joshua Buchalter has given his Buy rating due to a combination of factors, including CEVA’s strong start to 2026 and improved outlook. The company posted its best licensing performance in three years, with double‑digit growth and a richer mix of system‑level deals spanning connectivity and AI, which drove revenue and earnings ahead of expectations.

Buchalter also points to AI momentum and automotive design wins as key drivers of long‑term value, with AI now contributing a meaningful share of licensing and early high‑volume deployments enhancing royalty visibility. Reflecting increased confidence in execution and structural growth in AI and Smart Edge markets, he raised his price target from $24 to $45 while reiterating a Buy recommendation.

In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $45.00 price target.

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