Stifel Maintains Buy on Ambarella, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $95 to $90.
May 31, 2023 | 11:21 am
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NEUTRAL IMPACT
Stifel analyst Tore Svanberg maintains a Buy rating on Ambarella but lowers the price target from $95 to $90.
The news of Stifel maintaining a Buy rating on Ambarella is positive for the stock, but the lowering of the price target from $95 to $90 may create some uncertainty among investors. This mixed sentiment could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100