Market Overview

UPDATE: Deutsche Bank Initiates Ambarella at Buy; Video Creation Leader

Drone Market Could Reach $127 Billion By 2020, PwC Believes
Benzinga's Top Initiations
Game Plan For The Week - Cramer's Mad Money (5/27/16) (Seeking Alpha)

Deutsche Bank initiated coverage on Ambarella (NASDAQ: AMBA) with a Buy rating and a $10 price target.

Deutsche Bank said, "AMBA is a leader in video content creation, sharing and display through its highly integrated and market leading SoCs. While the form-factors consumers use to create video are likely the exhibit rapid change, the trend toward everincreasing video creation is likely to remain robust. Consequently, we initiate with a Buy rating and a $10 P/T as we see AMBA as being uniquely positioned to benefit from this trend."

Ambarella closed at $7.70 on Friday.

Latest Ratings for AMBA

Apr 2016OppenheimerInitiates Coverage onPerform
Mar 2016Morgan StanleyUpgradesEqual-weightOverweight
Mar 2016Chardan CapitalMaintainsNeutral

View More Analyst Ratings for AMBA
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (AMBA)

View Comments and Join the Discussion!