Ambarella Shares Pop As Morgan Stanley Bumps Up Price Target By 62%

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  • Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc AMBA to $222 from $137, implying a 23% upside, and reiterated an Overweight.
  • Morse bumped up the price target on the expectation of rising revenue leading to higher margins.
  • Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display.
  • Related Content: Ambarella Shares Pop On Analyst Price Target Bumps Post Q2 Beat
  • Price Action: AMBA shares traded higher by 4.52% at $180.1 on the last check Monday.
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