Weekly Recap | CEVA +4.07%, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.The Week
CEVA rose 4.07% this week to close at $28.62, against a 0.47% decline for the S&P 500, outperforming the benchmark by roughly 4.54 percentage points. The shares opened Monday near $28.81, dipped to $27.73, then climbed through Wednesday to an intraday high of $30.36. The last two sessions gave back some of that move, ending the week at $28.62. With no major company-specific catalysts, the week played out as an upward push followed by consolidation.
Analyst Ratings
Nine brokers cover CEVA: seven rate it buy, one rates it overweight, and one rates it hold. The consensus rating is strong buy. The consensus target price sits at $45.56, about 59.17% above the $28.62 close, with individual targets ranging from $35 to $60. Within the semiconductor-maker industry, CEVA ranks 39th out of 78 names.
The Week Ahead
The next US macro prints land on Tuesday 27 October, including durable goods orders and consumer confidence. CEVA’s own next update is the third-quarter earnings release on Monday 9 November before the open, where consensus expects EPS of roughly -$0.0025 on revenue of about $32.71m.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.