Ceva-XC21 Wins Best IP/Processor Award, Advancing 5G IoT Connectivity
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 28 minutes ago
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Source: PRnewswire
- Industry Recognition: The Ceva-XC21™ was awarded Best IP/Processor at the EE Awards Asia in Taipei, highlighting its leadership in wireless connectivity innovation and enhancing the company's brand influence in the rapidly growing IoT market.
- Market Potential: According to Omdia, nearly 1 billion 5G connections are expected by 2030, and the launch of Ceva-XC21 aligns perfectly with this trend, positioning the company for sustainable growth over the next decade.
- Technical Advantage: The Ceva-XC21 features ultra-efficient AI-enabled processing tailored for low-power, cost-sensitive IoT devices, optimizing network efficiency and enhancing device performance, thereby strengthening customer competitiveness in the market.
- Product Availability: The Ceva-XC21 DSP is now available for licensing, marking the company's ongoing commitment to advancing smart edge technology and is expected to attract more customers seeking innovative solutions to meet growing market demands.
CEVA.O$0.0000%Past 6 months

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Analyst Views on CEVA
Wall Street analysts forecast CEVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CEVA is 36.00 USD with a low forecast of 33.00 USD and a high forecast of 40.00 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.
Wall Street analysts forecast CEVA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CEVA is 36.00 USD with a low forecast of 33.00 USD and a high forecast of 40.00 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.
Current: 22.730

Current: 22.730

Barclays analyst Tavy Rosner raised the firm's price target on Ceva to $35 from $30 and keeps an Overweight rating on the shares.
Roth Capital raised the firm's price target on Ceva to $35 from $30 and keeps a Buy rating on the shares. The company's Q3 results topped estimates, and the firm is encouraged by broad end market royalty growth and robust licensing results, the analyst tells investors in a research note. The growing NeuPro AI IP licensing contribution bodes well for the secular growth opportunity, the firm added.
downgrade
$40 -> $33
Reason
Oppenheimer analyst Martin Yang lowered the firm's price target on Ceva to $33 from $40 and keeps an Outperform rating on the shares. The firm notes Ceva's Q1 2025 revenue of $24.2M missed guidance low-end of $25.5M and consensus estimate of $26.6M. The weakness was attributed to lower handset shipment and a slower ramp at an industrial customer.
Overweight
downgrade
$40 -> $30
Reason
Barclays lowered the firm's price target on Ceva to $30 from $40 and keeps an Overweight rating on the shares. The company's results missed on sales growth and management lowered year-end guidance due near-term macro and tariffs uncertainty, the analyst tells investors in a research note. The firm cut the target to reflect near-term uncertainty around end user consumer demand.
About CEVA
Ceva, Inc. is a licensor of silicon and software intellectual property (IP). The Company addresses the requirements of the consumer, industrial, infrastructure, automotive, mobile and PC markets by designing and licensing a range of processors, platforms, software and solutions which streamline the design of products for developing a variety of application specific solutions that address the connect, sense and infer use cases of smart edge devices. The Company's connect products include 5G/5G-A Baseband Platform (PentaG2), OpenRAN Platform, Cellular Internet of Things (IoT) (Ceva-Waves DragonFly) and Ultra-Wideband Platform (Ceva-Waves UWB). Its sense products include Vision/AI DSP, Audio and Control DSP, Neural-network-based noise cancellation, and Spatial Audio & Head Tracking. Its infer products include NPU IP for Generative AI, NPU IP for Embedded AI and AI SDK. It delivers its platforms, AI and sensor fusion DSPs and NPUs in the form of a hardware description language definition.
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.