Canaccord Genuity Thinks Ceva’s Stock is Going to Recover

In a report released today, Michael Walkley from Canaccord Genuity reiterated a Buy rating on Ceva (NASDAQ: CEVA), with a price target of $48. The company’s shares opened today at $30.05, close to its 52-week low of $27.35.

According to, Walkley is a top 100 analyst with an average return of 17.1% and a 62.7% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Skyworks Solutions.

Currently, the analyst consensus on Ceva is Moderate Buy and the average price target is $46, representing a 53.1% upside.

In a report released today, Roth Capital also maintained a Buy rating on the stock with a $44 price target.

See today’s analyst top recommended stocks >>

Ceva’s market cap is currently $755.7M and has a P/E ratio of 45.07. The company has a Price to Book ratio of 3.09.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CEVA, Inc. engages in the provision of signal processing internet protocol. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific. Its products include digital signal processing cores, connectivity platforms, and development environment.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts