StoneX Upgrades CEVA to Buy from Hold

Fintel reports that on September 14, 2026, StoneX upgraded their outlook for CEVA (NASDAQGS:CEVA) from Hold to Buy.

CEVA, Inc., based in the United States, is a prominent player in the semiconductor industry, specializing in signal processing IP for the smarter, connected world. The company develops intellectual property for digital signal processors (DSP), artificial intelligence processors, wireless platforms, and complementary software for sensor processing, image enhancement, computer vision, voice input, and artificial intelligence. On September 11, 2026, the pre-action close for CEVA was $29.01, which also represents the latest close. This price reflects a price change of +7.64% over one week, compared to the baseline close of $26.95 on September 4, 2026. Over a one-month period, the stock experienced a price change of -5.90% from a baseline close of $30.83 on August 11, 2026.

The company reported its latest earnings on August 10, 2026. CEVA achieved an actual EPS of 0.08, exceeding the estimated EPS of 0.0744, which represents an earnings surprise of +7.53%. Actual revenue reached $29,033,000.00, compared to the estimated revenue of $28,733,400.00. On the same day, August 10, 2026, CEVA filed a Form 10-Q with the United States Securities and Exchange Commission. In this filing, the company stated that in the second quarter of 2026, it signed 10 IP licensing agreements, including two with first-time customers and two directly with OEMs. The filing also noted one of the most strategically significant AI licensing agreements in its history, with a leading global AI and computing platform company selecting its NeuPro-M NPU IP for its next-generation custom AI silicon.

Separate from the individual rating action by StoneX, the broader analyst consensus target mean for CEVA was $47.81 as of August 29, 2026, with a median target of $47.43. This mean target represents an implied change of +64.81% from the stock's valuation. Previously, on August 4, 2026, the prior consensus target mean was $50.62, indicating a consensus target revision of -5.54%. In terms of aggregate analyst recommendations, the current recommendation period as of September 1, 2026, shows a total of 16 recommendations, consisting of 4 strong buy, 9 buy, 3 hold, 0 sell, and 0 strong sell ratings. This breakdown results in 81.3% positive recommendations, 18.8% hold recommendations, and 0.0% negative recommendations. These figures remain unchanged from the prior recommendation period as of August 1, 2026, which also recorded 16 total recommendations with the same distribution of 4 strong buy, 9 buy, 3 hold, 0 sell, and 0 strong sell ratings.

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This story originally appeared on Fintel.