TD Cowen Downgrades Ambarella to Market Perform, Lowers Price Target to $65
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Matthew Ramsay has downgraded Ambarella (NASDAQ:AMBA) from Outperform to Market Perform and lowered the price target from $90 to $65.
August 30, 2023 | 11:57 am
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Ambarella's rating has been downgraded by TD Cowen, with a lowered price target, which could negatively impact the stock's performance.
The downgrade from Outperform to Market Perform by TD Cowen, along with a lowered price target, indicates a less optimistic outlook for Ambarella. This could lead to a decrease in investor confidence and a potential drop in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100