Stifel Maintains Buy on Ambarella, Lowers Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Tore Svanberg has maintained a 'Buy' rating on Ambarella (NASDAQ:AMBA) but lowered the price target from $95 to $78.
August 30, 2023 | 2:19 pm
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Stifel has maintained a 'Buy' rating on Ambarella but lowered the price target from $95 to $78.
The news is directly about Ambarella and is likely to impact its stock. While the 'Buy' rating is maintained, the lowering of the price target might create some uncertainty among investors, potentially affecting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100