H.C. Wainwright raised the firm’s price target on AudioEye (AEYE) to $37 from $28 and keeps a Buy rating on the shares. The company’s revenue is accelerating into 2025 and its business model suggests meaningful leverage opportunity, the analyst tells investors in a research note. The firm believes the shares “have more room as the financial profile continues to look more like leading SaaS companies that can trade at substantially higher revenue multiples.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AEYE:
- AudioEye price target raised to $35 from $25 at Roth MKM
- AudioEye price target raised to $32.50 from $31 at B. Riley
- AudioEye Reports Record-Breaking Q3 2024 Results
- AudioEye sees 2024 adjusted EPS 54c-55c, consensus (13c)
- AudioEye reports Q3 adjusted EPS 16c, consensus 0c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
