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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Analysts raised semiconductor solutions provider Ambarella Inc's (NASDAQ:AMBA) price target (PT) following the Q2 revenue of $79.3 million, up 58% year-on-year, above the consensus of $75.7 million. The EPS of $0.35 beat the consensus of $0.25.
- Stifel analyst Tore Svanberg raised the PT to $145 from $140 and affirmed a Buy following the "solid" July quarter beat and "even stronger" October quarter raise.
- Ambarella showed "impressive" profitability and operating leverage, Svanberg added.
- Wells Fargo analyst Gary Mobley raised the PT to $115 from $110 and reiterated an Equal Weight.
- Deutsche Bank analyst Ross Seymore raised the PT to $115 from $110 and maintained a Hold.
- For the fourth consecutive quarter, Ambarella's results beat the high end of its guided range, Seymore notes.
- Price Action: AMBA shares traded higher by 26.70% at $131.24 in the market session on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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