Ceva (CEVA) Receives a Rating Update from a Top Analyst

In a report released yesterday, Michael Walkley from Canaccord Genuity reiterated a Buy rating on Ceva (CEVAResearch Report), with a price target of $40.00. The company’s shares closed last Monday at $34.87, close to its 52-week high of $34.97.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 19.8% and a 67.1% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Sequans Communications S A, and Digi International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ceva with a $38.00 average price target.

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The company has a one-year high of $34.97 and a one-year low of $21.69. Currently, Ceva has an average volume of 96.17K.

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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.