Barclays (LON:BARC) analyst Tavy Rosner maintained a Buy rating on Ceva (NASDAQ:CEVA) Inc on Thursday, setting a price target of $60, which is approximately 29.17% above the present share price of $46.45.
Rosner expects Ceva Inc to post earnings per share (EPS) of -$0.16 for the third quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Ceva, with an average price target of $55.
The analysts price targets range from a high of $60 to a low of $50.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $25.4 million and a net profit of -$1.33 million. The company's market cap is $1.07 billion.
According to TipRanks.com, Barclays analyst Tavy Rosner is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 24.2% and a 65.75% success rate.
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.