Aeva price target lowered to $20 from $25 at Roth Capital

Roth Capital lowered the firm’s price target on Aeva (AEVA) to $20 from $25 but keeps a Buy rating on the shares after its Q3 earnings miss. The company noted customer progress on multiple fronts reflecting an increasingly diverse opportunity for ramp over the next several quarters, the analyst tells investors in a research note. With an additional funding opportunity, Aeva is well positioned to achieve vehicle lidar program ramp starts in the late-2026/2027 timeframe, the firm added.