Wells Fargo Maintains Overweight on Ambarella, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $100 to $90.
May 31, 2023 | 11:54 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Ambarella, but lowers the price target from $100 to $90.
The news of Wells Fargo maintaining an Overweight rating on Ambarella indicates a positive outlook for the company. However, the lowering of the price target from $100 to $90 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100