CEVA (CEVA) PT Bumped to $27 at Chardan Capital Markets

Chardan Capital Markets analyst Marc Estigarribia reiterated a Buy rating and boosted its price target on CEVA Inc. (NASDAQ: CEVA) to $27.00

Estigarribia commented, "CEVA is well-positioned as a major participant in the smartphone/ LTE evolution growth cycle fueled by the continued ramp up in China (mid-range) and India (low-end). Expect acceleration to pick up for CEVA in 2016 and 2017 stemming from its non-baseband divisions ie vision products, and infrastructure ramp up, respectively. Its R&D/innovation focuses on five main areas, which help maintain its strategic competitive advantage, namely Connectivity (WIFI/Bluetooth), Imaging of Vision (Autos/ Surveillance), Sensing/Communication, LTE Processing/ M2M and Base Stations/ Infrastructure."

For an analyst ratings summary and ratings history on CEVA Inc. click here. For more ratings news on CEVA Inc. click here.

Shares of CEVA Inc. closed at $24.86 yesterday.

You May Also Be Interested In

• Stifel Upgrades Barry Callebaut AG (BARN:SW) (BYCBF) to Buy
• Karoon Energy Ltd (KAR:AU) PT Raised to AUD2.60 at Morgan Stanley
• CLSA Upgrades Aisin Seiki Co Ltd. (7259:JP) (ASEKY) to Buy (1)