CEVA Should I Buy
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CEVA Inc. is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong position in wireless connectivity IP, recent positive financial performance, and potential growth in IoT and smart home applications make it a promising long-term investment. While the stock has experienced recent volatility, the positive catalysts outweigh the risks for a patient, long-term investor.
The MACD is positive and contracting, suggesting a potential bullish momentum. RSI is neutral at 52.224, indicating no overbought or oversold conditions. The stock is trading near its pivot level of 21.996, with resistance at 23.54 and support at 20.452. The technical indicators suggest a stable price trend with potential for upward movement.
Renesas' launch of microcontrollers with CEVA's Wi-Fi 6 and Bluetooth LE IPs strengthens CEVA's position in IoT and smart home markets.
Strong financial performance in Q3 2025, with revenue growth of 4.33% YoY and significant improvement in net income and EPS.
Analyst coverage initiated with a Buy rating and a $30 price target, reflecting confidence in CEVA's long-term potential.
Near-term headwinds in mobile handset demand and uncertainty around Apple's in-house modem efforts.
Recent market volatility with a 4.77% drop in regular market trading.
In Q3 2025, CEVA reported revenue growth of 4.33% YoY, net income improvement of 91.38% YoY, and EPS increase of 66.67% YoY. Gross margin improved to 87.52%, up 3.10% YoY, indicating strong operational efficiency.
Stifel initiated coverage with a Buy rating and a $30 price target, citing CEVA's leadership in wireless connectivity IP and its potential in power-efficient on-device sensing and inference applications. Analysts acknowledge near-term challenges but remain optimistic about the company's long-term growth prospects.
