Roth MKM analyst Suji Desilva lowered the firm’s price target on Arbe Robotics (ARBE) to $3 from $5 and keeps a Buy rating on the shares. Reflecting delayed automotive platform decisions, Arbe guided to a muted 2025 revenue outlook with the opportunity to ramp late in the year in some non-auto programs, the firm says. The company guided for a similar EBITDA loss for 2025 on a year-over-year basis. With the recent funding, Roth believes the company is funded to execute its operating plan.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARBE:
- Morning Movers: Campbell’s gains and Abercrombie & Fitch falls after earnings
- Arbe Robotics Reports 2024 Financial Results and Strategic Advances
- Arbe Robotics reports Q4 EPS (15c) vs. (12c) last year
- Arbe Robotics sees FY25 revenue $2M-$5M vs. $768,000 in FY24
- ARBE Upcoming Earnings Report: What to Expect?