Roth MKM Downgrades CEVA to Neutral, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Suji Desilva has downgraded CEVA (NASDAQ:CEVA) from Buy to Neutral and lowered the price target from $30 to $20.
August 10, 2023 | 12:24 pm
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CEVA's stock has been downgraded from Buy to Neutral by Roth MKM, and the price target has been lowered from $30 to $20.
The downgrade from Buy to Neutral indicates a less optimistic outlook for CEVA's stock by Roth MKM. The lowering of the price target from $30 to $20 suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100