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Fly News Breaks for August 9, 2019
CEVA
Aug 9, 2019 | 07:43 EDT
Canaccord analyst T. Michael Walkley raised his price target on Ceva to $35 from $30 following strong Q2 results. The analyst noted its raised guidance fueled by its leading baseband customers and he believes the company remains on track for its longer-term target to roughly double royalty revenue by 2022. Walkley reiterated his Buy rating on Ceva shares.
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