Ceva price target raised to $40 from $34 at Barclays

Barclays raised the firm’s price target on Ceva (CEVA) to $40 from $34 and keeps an Overweight rating on the shares. The company reported 21% year-over-year revenue growth in Q4, higher than the top end of company guidance, the analyst tells investors in a research note. The firm thinks Ceva’s 2025 “looks de-risked” given revenue guidance of 9% at the midpoint.