Morgan Stanley Maintains Overweight on Ambarella, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Ambarella (NASDAQ:AMBA), but lowered the price target from $81 to $65.
October 30, 2023 | 2:11 pm
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Morgan Stanley has maintained an Overweight rating on Ambarella, but lowered the price target from $81 to $65.
The news is directly related to Ambarella. While the Overweight rating indicates a positive outlook, the reduction in price target may have a neutralizing effect. The impact on the stock price in the short term is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100