Aeva Technologies

AEVA · NASDAQ

$10.27+$0.355 (+3.58%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $9.92

AEVA analyst rating

HoldConsensus of 4 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy1
Hold3
Underperform0
Sell0

12-month price target · 7 analysts

Average $30.60 (+198.0% upside)

Low: $20.20
Now: $10.27
High: $44.10

Upgrades and downgrades

The latest rating actions, newest first

AEVA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Goldman Sachs	Aug 24, 2026	Initiates	Neutral	$20.00	60%
Morgan Stanley	Aug 7, 2026	Maintains	Equal-Weight	$18.50 → $27.00	56%
Canaccord Genuity	Aug 6, 2026	Maintains	Buy	$24.00 → $26.00	34%
Amerx	May 11, 2026	Initiates	Hold	—	31%
Canaccord Genuity	Dec 4, 2025	Maintains	Buy	$24.00	34%

The case for and against

Updated Dec 8, 2025

Bull case

Aeva Technologies Inc. is poised for significant revenue growth, with projections estimating total passenger OEM revenue increasing from approximately $103.9 million in 2028 to around $1.8 billion by 2035, underscoring the expanding market for its LiDAR technology. The company has established a foothold in commercial trucking through a major win with Daimler Trucks, further diversifying its revenue streams beyond passenger vehicles and bolstering its non-automotive industrial applications. Furthermore, Aeva is well-positioned to capitalize on the stabilizing automotive demand and growing interest in advanced driver-assistance systems (ADAS), particularly in the context of the ongoing development of Level 3 autonomous driving functionalities.

Bear case

Aeva Technologies Inc. faces fundamental challenges that contribute to a negative outlook on its stock performance, chiefly stemming from the highly fragmented and turbulent LiDAR market characterized by slower-than-expected autonomous vehicle adoption. The company is at risk of being impacted by competition, regulatory hurdles, and delays in partnerships with automotive OEMs, which could hinder its growth in both the consumer and industrial sectors. Additionally, the financial distress observed in industry players, including Luminar's default on loans and the cessation of its partnership with Volvo, raises concerns about Aeva's long-term viability and capital access.

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