Aeva Technologies Inc. saw a significant price increase of 21.14%, reaching a 20-day high, amid positive market conditions with the Nasdaq-100 up 0.79% and the S&P 500 up 0.51%.
The surge is attributed to Aeva's partnership with NVIDIA, where its 4D LiDAR technology has been selected as the core sensor for NVIDIA's DRIVE Hyperion platform. This collaboration enhances Aeva's position in the autonomous driving market and is expected to drive future revenue growth, with production programs targeted for 2028.
This partnership not only strengthens Aeva's technological capabilities but also positions the company as a key player in the rapidly evolving autonomous driving sector, likely attracting more investor interest and enhancing its competitive edge.
Wall Street analysts forecast AEVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AEVA is 23.89 USD with a low forecast of 18.55 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast AEVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AEVA is 23.89 USD with a low forecast of 18.55 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 14.400
Low
18.55
Averages
23.89
High
33.00
Current: 14.400
Low
18.55
Averages
23.89
High
33.00
Morgan Stanley
Joseph Moore
Equal Weight
downgrade
$19
2025-11-07
Reason
Morgan Stanley
Joseph Moore
Price Target
$19
AI Analysis
2025-11-07
downgrade
Equal Weight
Reason
Morgan Stanley analyst Joseph Moore lowered the firm's price target on Aeva to $18.55 from $19 and keeps an Equal Weight rating on the shares. The quarter was largely previewed, with Aeva communicating optimism both about top-of-funnel opportunities, as well as on existing engagements with Daimler trucking, the analyst tells investors in a research note.
Roth Capital
Buy
downgrade
$25 -> $20
2025-11-06
Reason
Roth Capital
Price Target
$25 -> $20
2025-11-06
downgrade
Buy
Reason
Roth Capital lowered the firm's price target on Aeva to $20 from $25 but keeps a Buy rating on the shares after its Q3 earnings miss. The company noted customer progress on multiple fronts reflecting an increasingly diverse opportunity for ramp over the next several quarters, the analyst tells investors in a research note. With an additional funding opportunity, Aeva is well positioned to achieve vehicle lidar program ramp starts in the late-2026/2027 timeframe, the firm added.
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Oppenheimer
Colin Rusch
Outperform
maintain
$18 -> $33
2025-07-16
Reason
Oppenheimer
Colin Rusch
Price Target
$18 -> $33
2025-07-16
maintain
Outperform
Reason
Oppenheimer analyst Colin Rusch raised the firm's price target on Aeva to $33 from $18 and keeps an Outperform rating on the shares. The firm expects Aeva to provide detail on its manufacturing plans, particularly for its chip at its July 31 Analyst Day. Oppenheimer also anticipates the company providing an updated multi-year perspective on revenue ramp including customer testimonials. The firm believes Oppenheimer continues to diversify its customer base and is well positioned to compete across multiple end-markets including various industrial applications like metrology, security, and traffic management in addition to transportation opportunities in both commercial and passenger vehicles.
Roth Capital
Suji Desilva
Buy
upgrade
$17 -> $30
2025-06-17
Reason
Roth Capital
Suji Desilva
Price Target
$17 -> $30
2025-06-17
upgrade
Buy
Reason
Roth Capital analyst Suji Desilva raised the firm's price target on Aeva to $30 from $17 and keeps a Buy rating on the shares. The shares are positioned to benefit from stabilizing automotive demand and renewed interest in potential unit ramp opportunity for lidar sensors, the analyst tells investors in a research note. The firm is "encouraged" by Aeva's traction across both industrial, commercial vehicle, and passenger auto customer wins and pipeline engagements. Roth believes advanced driver assistance systems and autonomous programs are in the "process of unlocking over a multi-quarter period, with geographic demand mix boosted by China EV resilience." Aeva is "showing up well by distinguishing itself with very strong technology in an increasingly slimming lidar competitive market landscape," the firm contends.
About AEVA
Aeva Technologies, Inc. is engaged in the design, manufacturing and sale of LiDAR sensing systems and related perception and autonomy-enabling software solutions serving customers in automotive, industrial, and other markets. The Company, through its frequency modulated continuous wave (FMCW) sensing technology, enables the adoption of LiDAR across broad applications. Its sensing and perception technology integrates all key LiDAR components onto a silicon photonics chip in a compact module. Its products include Aeries II, is a 4D LiDAR solution, consisting of its 4D LiDAR sensing system with embedded software designed for automotive grade production across passenger car, trucking, and mobility applications; Atlas, is its FMCW 4D LiDAR with simultaneous velocity and range detection targeted for the automotive market, and Atlas Ultra, is a 4D LiDAR sensor built to meet the performance demands of SAE Level 3 and 4 automated driving systems in passenger and commercial vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
