AudioEye (AEYE) Price Target Reduced by B. Riley Amid Market Challenges | AEYE Stock News

3 days ago

B. Riley has adjusted its price target for AudioEye (AEYE, Financial), bringing it down from $26 to $20. Despite this reduction, the firm maintains a Buy rating for the stock. This change comes as investors gear up for the company's first-quarter report set to be released on April 29.

The firm believes that the upcoming quarterly results will likely meet market expectations. However, it suggests that the focus will shift towards the company's fiscal 2025 outlook. This shift in attention is influenced by the broader economic slowdown.

The decision to lower the price target is attributed to a recent decline in valuation multiples among peer companies, reflecting a more challenging market environment. Investors will be watching closely to see how AudioEye navigates these conditions and strategizes for future growth.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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