Susquehanna Maintains Positive on Ambarella, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has maintained a positive rating on Ambarella (NASDAQ:AMBA), but has lowered the price target from $80 to $60.
October 24, 2023 | 3:04 pm
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NEUTRAL IMPACT
Susquehanna has maintained a positive rating on Ambarella but lowered the price target from $80 to $60.
While the positive rating indicates confidence in the company's performance, the lowered price target could potentially indicate a slower growth rate than previously expected. This could have a neutral impact on the stock as the positive rating and lowered price target balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100