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Morgan Stanley Sees Balanced Risk-Reward For Ambarella Inc

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In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating on Ambarella Inc (NASDAQ: AMBA).

In the report, Morgan Stanley noted, “Despite strong results, risk reward is balanced at these levels, in our view. A very strong consumer camera build in the October qtr across GoPro (sports), Dropcam (home security), and auto dashboard cameras drives October numbers much higher. But with the stock surge coming into the qtr, our sense is that much of this is priced in, and the company highlighted a potential decline in January after these strong builds. At 23X 2015 estimates for a consumer-centric company with high customer concentration, we'd wait for a better entry point.”

Ambarella closed on Thursday at $35.77.

Latest Ratings for AMBA

DateFirmActionFromTo
Dec 2014NeedhamDowngradesHoldUnderperform
Dec 2014Stifel NicolausMaintainsBuy
Dec 2014Dougherty & CompanyDowngradesBuyNeutral

View More Analyst Ratings for AMBA
View the Latest Analyst Ratings

Posted-In: Joseph Moore Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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