Deutsche Bank Maintains Hold on Ambarella, Lowers Price Target to $65
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Ross Seymore has maintained a 'Hold' rating on Ambarella (NASDAQ:AMBA) and lowered the price target from $75 to $65.
August 30, 2023 | 3:49 pm
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Deutsche Bank has maintained a 'Hold' rating on Ambarella and lowered the price target from $75 to $65.
The lowering of the price target by Deutsche Bank from $75 to $65 indicates a bearish outlook for Ambarella. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100