LeddarTech price target raised to $3 from $1 at Roth MKM

Roth MKM raised the firm’s price target on LeddarTech (LDTC) to $3 from $1 and keeps a Buy rating on the shares. The firm cites the company’s announcement of a commercial agreement with Texas Instruments (TXN), which includes a royalty prepayment that supports near-term operations for LeddarTech, the analyst tells investors in a research note. Roth MKM adds that it is encouraged that significant auto industry players such as Texas Instruments and ARM Holdings (ARM) are committed to partnering with and supported LeddarTech in their primary go-to-market strategy.