
AEVA Stock Forecast & Price Target
AEVA Analyst Ratings
Bulls say
Aeva Technologies Inc., driven by its advanced Frequency Modulated Continuous Wave (FMCW) sensing technology, is poised for substantial revenue growth, particularly as it targets key automotive and industrial partnerships in 2024. With a strong emphasis on maintaining operational efficiency and a stable balance sheet, the company anticipates successful completion of essential milestones, including program wins and the finalization of its production line design. Furthermore, Aeva’s strategic collaborations and advancements in silicon photonics position it well to capture high-margin opportunities across multiple sectors, fostering a favorable outlook for future financial performance.
Bears say
Aeva Technologies Inc. is facing significant challenges that contribute to a negative outlook on its stock, primarily due to headwinds in the automotive industry leading to a downward revision of FY24 revenue growth expectations. Delays in the series production of its LiDAR technology may hinder the company's revenue ramp-up, compounded by negative gross margins attributed to early low-volume shipments and potential push-outs of shipments to customers. Furthermore, the overall macroeconomic environment has been unfavorable for SPAC-listed companies, increasing the risk that Aeva could lose market share to competitors utilizing Time-of-Flight (ToF) technology, which is currently more established.
This aggregate rating is based on analysts' research of Aeva Technologies Inc and is not a guaranteed prediction by Public.com or investment advice.
AEVA Analyst Forecast & Price Prediction
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