Canaccord raised the firm’s price target on Aeva (AEVA) to $16 from $9.50 and keeps a Buy rating on the shares. The firm said they reported quarterly results that were most above estimates and a slight guidance increase and more importantly the company is showing strong momentum after announcing its Eve 1 procuts for the laser displacement sensor market.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEVA: