Aeva Technologies initiated with a Buy at Canaccord on robotics opportunity

As previously reported, Canaccord initiated coverage of Aeva Technologies (AEVA) with a Buy rating and $9.50 price target. The firm views vehicle autonomy as a subset of the world’s upcoming robotics revolution and while it tells investors that the stocks “are not without risk,” it contends that Aeva and Arbe Robotics (ARBE) could play “a substantive role in helping our robot peers make sense of the world.”