AudioEye Analysts Raise Their Forecasts After Q4 Results
Portfolio Pulse from Avi Kapoor
AudioEye, Inc. (NASDAQ:AEYE) reported a Q4 profit, surpassing market expectations with adjusted earnings of 11 cents per share against an anticipated loss. Sales were slightly below expectations at $7.870 million. The company highlighted efficiency improvements and provided optimistic guidance for 2024, expecting revenue growth to accelerate. Following the report, AEYE shares rose by 2.8%, and analysts from HC Wainwright & Co. and B. Riley Securities raised their price targets on AEYE to $10.
March 07, 2024 | 1:28 pm
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AudioEye reported a Q4 profit with adjusted earnings of 11 cents per share, surpassing expectations. Analysts raised price targets to $10, reflecting optimism in the company's growth and efficiency improvements.
AudioEye's Q4 earnings beat and positive guidance for 2024, along with analyst upgrades, indicate a strong short-term bullish sentiment. The company's efficiency improvements and expected revenue growth contribute to a positive outlook, likely driving investor interest and potentially boosting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100