Roth MKM Maintains Neutral on Ambarella, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Neutral rating on Ambarella (NASDAQ:AMBA) and lowers the price target from $95 to $75.
May 31, 2023 | 1:34 pm
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NEGATIVE IMPACT
Roth MKM analyst Suji Desilva maintains a Neutral rating on Ambarella and lowers the price target from $95 to $75.
The lowered price target from $95 to $75 by Roth MKM analyst Suji Desilva indicates a bearish outlook on Ambarella's stock. This news may negatively impact the stock price in the short term as it suggests a reduced valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100