Imperial Capital Initiates Ambarella With Outperform

Analysts at Imperial Capital initiated coverage on shares of Ambarella

with a Outperform rating. The target price for Ambarella is set to $39. Ambarella shares have jumped 131.91% over the past 52 weeks, while the S&P 500 index has gained 22.11% in the same period. Ambarella's shares surged 2.92% to close at $35.25 yesterday.