AudioEye price target raised to $37 from $28 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on AudioEye (AEYE) to $37 from $28 and keeps a Buy rating on the shares. The company’s revenue is accelerating into 2025 and its business model suggests meaningful leverage opportunity, the analyst tells investors in a research note. The firm believes the shares “have more room as the financial profile continues to look more like leading SaaS companies that can trade at substantially higher revenue multiples.”