B of A Securities Maintains Underperform on Ambarella, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains an Underperform rating on Ambarella (NASDAQ:AMBA) and lowers the price target from $75 to $70.
June 01, 2023 | 12:53 pm
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NEGATIVE IMPACT
B of A Securities analyst Vivek Arya maintains an Underperform rating on Ambarella and lowers the price target from $75 to $70.
The lowered price target from $75 to $70 by B of A Securities analyst Vivek Arya indicates a negative outlook for Ambarella's stock price in the short term. The Underperform rating suggests that the stock is expected to underperform the market, which may lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100