Rosenblatt Reiterates Buy on Ambarella, Maintains $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Ambarella (NASDAQ:AMBA) and maintained the $85 price target for the company's stock.

December 01, 2023 | 12:18 pm
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Rosenblatt analyst Kevin Cassidy reaffirmed a Buy rating on Ambarella and kept the price target at $85, indicating a positive outlook for the stock.
Analyst ratings can significantly influence investor sentiment and stock prices. The reiteration of a Buy rating and maintenance of a high price target by Rosenblatt suggests a strong conviction in Ambarella's potential, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100