Roth Capital raised the firm’s price target on Aeva (AEVA) to $17 from $6 and keeps a Buy rating on the shares. The company reported revenue well above consensus and reaffirmed expectations for revenue to nearly double in 2025 as Aeva ramps initial product shipments of its 4D FMCW lidar products, the analyst tells investors in a research note. Roth adds it is encouraged by the traction across both industrial and auto customer engagements.
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