Oppenheimer analyst Andrew Uerkwitz upgraded Ceva (CEVA) to Buy today and set a price target of $55.00. The company’s shares closed last Wednesday at $48.16.
According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 26.9% and a 64.5% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Tyler Technologies, Sonim Technologies, and Axon Enterprise.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ceva with a $49.33 average price target.
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Ceva’s market cap is currently $1.01B and has a P/E ratio of 3973.70. The company has a Price to Book ratio of 5.13.
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CEVA, Inc. engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. It operates through the following geographical segments: United States, Europe and Middle East, and Asia Pacific. Its portfolio include platforms for 5G baseband processing for handsets and radio access network; offerings for cellular internet of things; front-end voice and speech recognition software and algorithms with digital signal processing for voice enabled devices and AI assistants; imaging and computer vision for any camera-enabled device; and a self-contained AI processors. The company was founded on November 22, 1999 and is headquartered in Mountain View, CA.
