Wells Fargo Maintains Overweight on Ambarella, Lowers Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Ambarella (NASDAQ:AMBA), but lowered the price target from $90 to $85.
August 30, 2023 | 2:55 pm
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NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Ambarella, but lowered the price target from $90 to $85.
The news is directly related to Ambarella and is likely to influence investor sentiment. The maintenance of an Overweight rating indicates a positive outlook, but the reduction in price target may cause some uncertainty. The overall impact is neutral as the positive and negative factors balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100