Ceva price target lowered to $30 from $40 at Barclays

Barclays lowered the firm’s price target on Ceva (CEVA) to $30 from $40 and keeps an Overweight rating on the shares. The company’s results missed on sales growth and management lowered year-end guidance due near-term macro and tariffs uncertainty, the analyst tells investors in a research note. The firm cut the target to reflect near-term uncertainty around end user consumer demand.