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Ceva (NASDAQ:CEVA) Shares Down 5.4% After Analyst Downgrade
['Max Byerly']
Ticker Report
Shares of Ceva, Inc. (NASDAQ:CEVA – Get Free Report) were down 5.4% during trading on Tuesday after Oppenheimer lowered their price target on the stock from $42.00 to $38.00.
Roth Capital reaffirmed a “buy” rating and set a $40.00 price target on shares of Ceva in a research note on Monday, May 11th.
Analyst Forecast Revisions Following Q2 ResultsRosenblatt raised its price target from $45 to $49 and kept a “buy” rating.
Ceva Price PerformanceThe firm has a market capitalization of $841.54 million, a P/E ratio of -67.06 and a beta of 1.99.
Ceva Company Profile(Get Free Report)Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices.