Oppenheimer raised the firm’s price target on Aeva (AEVA) to $18 from $9 and keeps an Outperform rating on the shares on improving visibility. The firm notes the company continued to accelerate its business activity, while delivering a beat and raise first quarter. Oppenheimer is encouraged to see the company gaining traction on multiple applications and choosing customers strategically to support manageable entrance in scalable target markets.
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Read More on AEVA:
- Aeva Technologies: Strategic Partnerships and Product Innovations Drive Buy Rating and Increased Price Target
- Aeva price target raised to $16 from $9.50 at Canaccord
- Aeva Technologies Reports Q1 2025 Results and Strategic Advances
- Aeva Technologies Secures $32.5M in Private Placement
- Aeva reports Q1 adjusted EPS (45c), consensus (48c)
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