Needham Reiterates Buy Rating on AudioEye (AEYE)

Needham analyst Joshua Reilly reiterated a Buy rating and $25.00 price target on AudioEye (NASDAQ: AEYE).

The analyst commented: "AudioEye reported strong Q4 results, with ARR up 17.3% Y/Y as the macro remains challenging for software sales offset by some regulatory and execution tailwinds. Management issued FY25 guidance, which we believe is conservative and reflects ongoing macro challenges including incremental conservatism for a weakening economy. We believe growing roughly 18.5% at the mid-point despite these challenges including additional EBITDA margin expansion, while investing for growth is an impressive combination of growth and profitability implying a Rule of 40 or higher for the year. Management noted there is no change to the ADA Title II guidance with the Trump administration and possibly encouraging results, as accessibility is now separated from DEI policies following the February 5th statement by the Office of Personnel Management."

For an analyst ratings summary and ratings history on AudioEye click here. For more ratings news on AudioEye click here.

Shares of AudioEye closed at $12.71 yesterday.

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