
CEVA (CEVA) Stock Forecast & Price Target
CEVA (CEVA) Analyst Ratings
Bulls say
CEVA Inc. has demonstrated strong financial performance, with a notable 33% year-over-year increase in licensing revenue, fueled by partnerships with major OEMs in both WiFi and cellular connectivity sectors. For the fourth quarter of FY24, the company surpassed its revenue guidance by achieving total revenue of $29.2 million, reflecting a 21% year-over-year growth, and is poised for continued momentum with an expected revenue increase to $16 million in Q1. Additionally, management anticipates doubling Non-GAAP EPS for the full year 2024 compared to 2023, supported by a solid backlog and an expanding presence in high-demand markets such as Wi-Fi, Bluetooth, and cellular IoT, positioning CEVA for strong royalty revenue growth into 2026.
Bears say
CEVA Inc. is projecting a decline in sequential revenue for Q1FY25, with estimates ranging between $25.5 million and $27.5 million, highlighting seasonal challenges and ongoing inventory issues alongside weak end-market demand. The anticipated non-GAAP gross margin of approximately 88% is below both consensus and previous estimates, indicating potential pressures on profitability stemming from reduced royalty revenue and specific design activities. Despite year-over-year growth comparisons suggesting some momentum, the sequential decline reinforces concerns regarding the company’s ability to maintain consistent revenue performance in the face of seasonal fluctuations and operational headwinds.
This aggregate rating is based on analysts' research of CEVA and is not a guaranteed prediction by Public.com or investment advice.
CEVA (CEVA) Analyst Forecast & Price Prediction
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