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

November 29, 2021 11:47 AM | 1 min read | Make a Comment

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.