DA Davidson has decided to maintain its Buy rating of AEye (NASDAQ:LIDR) and lower its price target from $15.00 to $12.00.
Shares of AEye are trading up 9.45% over the last 24 hours, at $5.38 per share.
A move to $12.00 would account for a 122.84% increase from the current share price.
About AEye
AEye Inc is a provider of intelligent, next-generation, adaptive LiDAR for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. Its iDAR (Intelligent Detection and Ranging) system leverages biomimicry and principles from automated targeting applications used by the military to scan the environment, intelligently focusing on what matters, enabling faster, more accurate, and more reliable perception. iDAR is the software configurable LiDAR with integrated deterministic artificial intelligence, delivering industry- leading performance in range, resolution, and speed. Geographically it serves Germany, Asia, and other European countries whilst earning ket revenue from domestic sales in the US.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
