Ceva, Inc. stock rises following earnings beat and analyst upgrades

Ceva, Inc. (NASDAQ:CEVA) has seen recent positive movement in its stock price and several analyst upgrades. The semiconductor company reported earnings per share of $0.08 for the quarter, exceeding consensus estimates.

Wall Street analysts have provided varying outlooks, with a consensus rating of ‘Moderate Buy’ and an average price target of $40.60. Notable recent actions include Wall Street Zen upgrading the stock from ‘hold’ to ‘buy’, and several other firms such as UBS Group, Stifel Nicolaus, and Roth Capital maintaining or issuing ‘buy’ ratings with updated price targets. While some firms like Oppenheimer and Needham & Company LLC adjusted their price targets, the overall sentiment among the nine analysts rating the stock as a ‘Buy’ remains influential.