Rosenblatt Maintains Buy on Ambarella, Lowers Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Kevin Cassidy maintains a 'Buy' rating on Ambarella (NASDAQ:AMBA), but has lowered the price target from $95 to $85.
August 30, 2023 | 11:10 am
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NEUTRAL IMPACT
Rosenblatt has maintained a 'Buy' rating on Ambarella but lowered the price target from $95 to $85, which may impact investor sentiment.
While the 'Buy' rating is maintained, the lowering of the price target may indicate a potential decrease in the expected future value of the stock. This could impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100