Craig-Hallum Maintains Buy on Ambarella, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $110 to $95.
June 05, 2023 | 1:00 pm
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Craig-Hallum analyst Richard Shannon maintains a Buy rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $110 to $95.
The news of Craig-Hallum maintaining a Buy rating on Ambarella is positive for the stock. However, the lowering of the price target from $110 to $95 may create some uncertainty among investors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100