Needham Maintains Buy on Ambarella, Lowers Price Target to $90
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Quinn Bolton has maintained a 'Buy' rating on Ambarella (NASDAQ:AMBA), but lowered the price target from $100 to $90.
August 30, 2023 | 10:59 am
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NEUTRAL IMPACT
Needham has maintained a 'Buy' rating on Ambarella but lowered the price target from $100 to $90.
The news is directly about Ambarella and is important as it comes from a reputable analyst. The 'Buy' rating is maintained which is positive, but the price target is lowered which might have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100