In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on Aeva Technologies (AEVA – Research Report), with a price target of $1.40. The company’s shares closed yesterday at $1.10.
Moore covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Advanced Micro Devices. According to TipRanks, Moore has an average return of 9.3% and a 53.61% success rate on recommended stocks.
In addition to Morgan Stanley, Aeva Technologies also received a Hold from Piper Sandler’s Arvind Ramnani in a report issued today. However, yesterday, Craig-Hallum reiterated a Buy rating on Aeva Technologies (NYSE: AEVA).
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Based on Aeva Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $188 thousand and a GAAP net loss of $42.67 million. In comparison, last year the company earned a revenue of $2.87 million and had a GAAP net loss of $34.76 million
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