Morgan Stanley Maintains Overweight on Ambarella, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Ambarella (NASDAQ:AMBA) and increased the price target from $65 to $67.
December 01, 2023 | 1:44 pm
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Morgan Stanley analyst reaffirms Overweight rating on Ambarella and raises price target to $67.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on Ambarella's stock, which could lead to a short-term increase in its stock price.
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