Stifel Maintains Buy on Ambarella, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has maintained a 'Buy' rating on Ambarella (NASDAQ:AMBA), but lowered the price target from $78 to $70.
October 19, 2023 | 12:43 pm
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NEGATIVE IMPACT
Stifel's lowered price target for Ambarella may cause short-term uncertainty among investors, potentially impacting the stock's price.
The lowered price target by Stifel indicates a potential decrease in the perceived value of Ambarella. This could lead to short-term selling pressure as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100