AudioEye price target raised to $10 from $8 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on AudioEye to $10 from $8 and keeps a Buy rating on the shares following the Q4 report. The analyst says accelerating revenue growth is expected through 2024. The guidance represents accelerating revenue growth in 2024 and a nearly 200% increase in adjusted EBITDA versus 2023 levels, the analyst tells investors in a research note. The firm believes 2025 is set up to demonstrate even further acceleration versus 2024. It recommends investors accumulate a position in AudioEye shares ahead of accelerating revenue in 2024 and 2025.