Stifel Maintains Buy Rating for Ambarella: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating for Ambarella (NASDAQ:AMBA) and increased its price target from $90.00 to $95.00. Despite this, Ambarella's shares have fallen by 3.94% over the last 24 hours, trading at $80.04 per share. A move to $95.00 would represent an 18.69% increase from the current share price.
July 20, 2023 | 5:00 pm
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NEUTRAL IMPACT
Stifel maintains its Buy rating for Ambarella and raises its price target. However, Ambarella's shares have fallen by 3.94% over the last 24 hours.
Stifel's maintained Buy rating and increased price target for Ambarella indicates a positive outlook for the company. However, the recent 3.94% drop in share price suggests market uncertainty. The impact on the stock price in the short term is neutral as the positive analyst rating is offset by the recent drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100