Roth Capital Starts Arbe Robotics Ltd. (ARBE) at Buy

October 15, 2021 8:58 AM EDT
Get Alerts ARBE Hot Sheet
Price: $10.30 +0.39%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 70
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Roth Capital analyst Suji Desilva initiates coverage on Arbe Robotics Ltd. (NASDAQ: ARBE) with a Buy rating and a price target of $20.00.

The analyst comments "Our ARBE price target of $20 represents a CY25 EV/Sales multiple of 7.1x, discounted back to current year at a rate of 15% and a discount versus established advanced automotive semiconductor technology peers' CY22 average of 8.9x, reflecting an attractive entry point into ARBE’s growth opportunity. ARBE’s current CY25 EV/Sales multiple of 1.7x and EV/EBITDA multiple of 4.2x are essentially in-line versus comparable multiples of newly public autotech companies of 1.8x and 4.4x, respectively. We expect investors to steadily gain confidence in ARBE’s: 1) 4D imaging radar market growth opportunity; 2) share gain opportunity versus conventional radar available in market today; and 3) high margin scalable business model."

For an analyst ratings summary and ratings history on Arbe Robotics Ltd. click here. For more ratings news on Arbe Robotics Ltd. click here.

Shares of Arbe Robotics Ltd. closed at $8.36 yesterday.

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