Needham Reiterates Buy on Ambarella, Maintains $100 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Quinn Bolton reiterated a Buy rating on Ambarella (NASDAQ:AMBA) and maintained a $100 price target.
May 31, 2023 | 10:44 am
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Needham analyst Quinn Bolton reiterated a Buy rating on Ambarella and maintained a $100 price target.
The reiteration of a Buy rating and maintenance of a $100 price target by Needham analyst Quinn Bolton indicates a positive outlook for Ambarella's stock. This news is likely to have a positive short-term impact on the stock price as it reaffirms the analyst's confidence in the company's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100