In a report published Monday, Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating on Ambarella AMBA.
In the report, Morgan Stanley noted, “April qtr (results due Tuesday after the close) should be roughly flat q/q, as modelled. We expect slight increases in security q/q, slight declines in sports cameras, and flattish broadcast and autos. We look for 16% growth q/q in July, driven by a rebound in sports and continued strength in security. We think risk reward is fairly balanced and maintain our Equal-weight rating.”
Ambarella closed on Friday at $25.94.
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