Aeva Technologies price target lowered to $5 from $7 at Craig-Hallum

Craig-Hallum analyst Richard Shannon lowered the firm’s price target on Aeva Technologies to $5 from $7 and keeps a Buy rating on the shares. While Aeva is still driving large losses and likely doesn’t have a balance sheet to get to breakeven, the uniqueness of its FMCW solution, where the firm believes it is first-to-market, provides significant upside potential. For investors with a longer time horizon, Craig-Hallum still believes Aeva represents an intriguing opportunity.