Nasdaq:CEVA Analysts Bullish on Stock Despite Q4 Losses

CEVA reported Q1 revenues of $28m, in line with expectations, but statutory losses of $0.10 per share were larger than expected. Analysts have updated their earnings model, predicting revenues of $125m in 2026, a 16% improvement from the last 12 months. Statutory losses are forecast to balloon 69% to $0.14 per share. Analysts have lifted their price target 5.2% to $33.50, despite expectations of heavier losses next year.