Rosenblatt Maintains Buy on Ambarella, Lowers Price Target to $95
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Kevin Cassidy maintains a Buy rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $100 to $95.
May 31, 2023 | 11:16 am
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NEUTRAL IMPACT
Rosenblatt analyst maintains Buy rating on Ambarella (NASDAQ:AMBA) but lowers price target from $100 to $95.
The news of Rosenblatt maintaining a Buy rating on Ambarella is positive for the stock. However, the lowering of the price target from $100 to $95 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100