On April 24, 2026, Craig-Hallum initiated coverage of AEye (NasdaqCM:LIDR) with a Buy recommendation, indicating a potential upside of 178.18%. The average one-year price target for AEye is projected at $6.12 per share, with estimates ranging from $6.06 to $6.30, compared to its last closing price of $2.20 per share.
AEye’s projected annual revenue is forecasted to reach $1.291 billion, marking a significant increase of 553,977.25%. Institutional ownership has risen by 159.15% in the past three months, with 44 funds reporting positions. Total institutional shares now stand at 8.569 million, while the average allocation to AEye among these funds increased by 395.64%.
Key institutional stakeholders include Mitsubishi UFJ Kokusai Asset Management Co. with 794,000 shares (1.75% ownership), Geode Capital Management with 510,000 shares (1.12% ownership), and Benjamin Edwards with 470,000 shares (1.04% ownership), showing respective increases of 22.55% and 12.37% in their holdings.
