Morgan Stanley Maintains Overweight Rating for Ambarella: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for Ambarella (NASDAQ:AMBA) but lowered its price target from $81.00 to $65.00. Ambarella's shares are currently trading down 0.6% at $46.51 per share. A move to $65.00 would represent a 39.75% increase from the current share price.
October 30, 2023 | 5:00 pm
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Morgan Stanley has maintained its Overweight rating for Ambarella but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by a major financial institution like Morgan Stanley can lead to a decrease in investor confidence, potentially causing a short-term decrease in the stock price. However, the maintained Overweight rating indicates a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100