In a report published Monday, Barrington Research analyst Ted Moreau Jr. reiterated an Outperform rating on Ambarella AMBA, and raised the price target from $55.00 to $65.00.
In the report, Barrington Research noted, “At CES, we toured Ambarella's product demos and met up with CEO, Fermi Wang. Following CES, we are more excited about Ambarella's opportunities in new markets such as drones and automotive. We are raising our price target to $65 from $55.”
Ambarella closed on Friday at $62.00.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in