Goldman Sachs Upgrades Aeva Technologies to Hold Amid Mixed Analyst Views

Aeva Technologies (NASDAQ:AEVA) stock has been upgraded to 'hold' from 'equal weight' by The Goldman Sachs Group, according to a research report issued on Sunday.

The upgrade is part of a flurry of recent ratings changes for the company. Morgan Stanley raised its target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an 'equal weight' rating in a research note on Friday, August 7th. Oppenheimer reaffirmed an 'outperform' rating and set a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th.

However, not all analysts are optimistic about the stock's prospects. Weiss Ratings downgraded Aeva Technologies from a 'sell (d-)' rating to a 'sell (e+)' rating in a research note on Friday. Wall Street Zen downgraded shares of Aeva Technologies from a 'sell' rating to a 'strong sell' rating in a research report on Saturday, August 8th.

A number of hedge funds have recently modified their holdings of AEVA. Duquesne Family Office LLC purchased a new stake in Aeva Technologies in the 3rd quarter worth $26,670,000. Millennium Management LLC purchased a new position in shares of Aeva Technologies during the third quarter valued at about $25,751,000.

Aeva Technologies specializes in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. The company's core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications.