Susquehanna Maintains Positive on Ambarella, Lowers Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
Susquehanna analyst Christopher Rolland has maintained a positive rating on Ambarella (NASDAQ:AMBA), but lowered the price target from $92 to $80.
August 30, 2023 | 1:19 pm
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Ambarella's price target has been lowered from $92 to $80 by Susquehanna, despite maintaining a positive rating.
The lowering of the price target by Susquehanna could lead to a negative sentiment among investors, potentially causing a short-term decrease in Ambarella's stock price. However, the maintained positive rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100