Ceva price target lowered to $30 from $33 at Oppenheimer

Oppenheimer lowered the firm’s price target on Ceva (CEVA) to $30 from $33 and keeps an Outperform rating on the shares. The firm notes Ceva delivered a solid Q4 with record total revenue of $31.1M and robust licensing revenue growth. With the company positioned for accelerating profitability and AI royalty pipeline, Oppenheimer continues to find risk/reward favorable.