CEVA, Inc. announced its Q3 2025 financial results, reporting $28.4 million in total revenues with significant growth in AI processor licensing. The company secured strategic wins, including a major NeuPro NPU portfolio license agreement and three new AI DSP agreements.

Loop initiated CEVA as a “Buy” with a price target of $28, citing the company’s attractiveness. CEVA also started an underwritten public offering of 3,000,000 shares of its common stock with plans to use the net proceeds for potential acquisitions or investments.

Wall Street analysts have a consensus Buy rating on CEVA with an average price target of $35, implying a significant upside potential. The company offers silicon and software IP solutions to semiconductor and OEM companies.

While CEVA shows promise as an investment, other AI stocks may offer greater upside potential and lower downside risk. Investors seeking an undervalued AI stock could benefit from exploring other opportunities.

Read more at Yahoo Finance: An Affordable AI Play Seeing Growing Analyst Optimism