Loading...
Loading...
In a report published Thursday, Topeka Capital Markets analyst Suji De Silva reiterated a Buy rating on
CEVACEVA, but lowered the price target from $20.00 to $18.00.
In the report, Topeka Capital Markets noted, “CEVA preannounced lower 3Q13 revenue and higher expenses this morning. However, we expect licensing to recovery and believe that recurring royalties remain on-track. We are also encouraged by the diversity of new license customers beyond core baseband. While we are lowering our price target from $20 to $18 to reflect lower estimates, we are maintaining our Buy rating.”
CEVA closed on Wednesday at $15.13.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in