Cowen & Co. Thinks Ceva’s Stock is Going to Recover


Cowen & Co. analyst Matt Ramsay reiterated a Buy rating on Ceva (NASDAQ: CEVA) yesterday and set a price target of $40. The company’s shares closed yesterday at $27.60, close to its 52-week low of $26.10.

According to TipRanks.com, Ramsay is a top 100 analyst with an average return of 24.4% and a 64.0% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Silicon Laboratories, and Monolithic Power.

Currently, the analyst consensus on Ceva is a Strong Buy with an average price target of $38.40, a 39.1% upside from current levels. In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a $36 price target.

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Ceva’s market cap is currently $613.3M and has a P/E ratio of 58.72. The company has a Price to Book ratio of 2.43.

Based on the recent corporate insider activity of 19 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.

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