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