Deutsche Bank Maintains Hold on Ambarella, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore maintains a Hold rating on Ambarella (NASDAQ:AMBA) and lowers the price target from $75 to $70.
May 31, 2023 | 1:31 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Hold rating on Ambarella (NASDAQ:AMBA) and lowers the price target from $75 to $70.
The news directly mentions Ambarella and the lowered price target by Deutsche Bank. This may cause some investors to reconsider their positions, but the Hold rating suggests that the overall outlook remains neutral. The impact on the stock price is likely to be limited in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100