Craig-Hallum Maintains Buy on Ambarella, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a 'Buy' rating on Ambarella (NASDAQ:AMBA), but has lowered the price target from $95 to $80.
August 30, 2023 | 4:28 pm
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Ambarella's price target has been lowered from $95 to $80 by Craig-Hallum, though the 'Buy' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counteract the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100