Ceva (NASDAQ:CEVA) Hits New 1-Year High Following Analyst Upgrade

Market Beat
2026.05.13 05:26
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Ceva, Inc. (NASDAQ:CEVA) reached a new 52-week high after Rosenblatt Securities raised its price target from $40 to $45, maintaining a buy rating. The stock traded at $39.94, closing at $37.08. Other firms, including UBS and TD Cowen, also increased their target prices, reflecting positive sentiment. Ceva's Q1 2026 results exceeded expectations, with revenue of $27.02 million and EPS of $0.04. Institutional investors hold 85.37% of the stock, indicating strong confidence in the company's growth prospects.