Morgan Stanley Maintains Overweight on Ambarella, Lowers Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Overweight rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $97.28 to $89.
June 01, 2023 | 11:41 am
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Morgan Stanley maintains an Overweight rating on Ambarella, but lowers the price target from $97.28 to $89.
Morgan Stanley's lowered price target for Ambarella may cause some short-term uncertainty among investors, but the Overweight rating indicates a positive outlook for the stock. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100