Roth MKM raised the firm’s price target on Arbe Robotics (ARBE) to $5 from $4 and keeps a Buy rating on the shares after meeting with management. The firm gained confidence in the opportunity around Arbe’s announced partnership with Nvidia (NVDA). Additionally, it believes Arbe Robotics has completed a registered direct offering and has strengthened its funding position “significantly.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARBE:
- Arbe Robotics Announces Underwriting Agreement to Bolster Capital
- Largest borrow rate increases among liquid names
- Arbe Robotics to sell 8.98M ordinary shares at $3.20 in registered direct offer
- Arbe Robotics Halts ATM Offering Program Without Share Sales
- Arbe Robotics Reports Increased Loss and Declining Revenue in Latest Financial Statement