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 company's $85 price target.
December 13, 2023 | 12:41 pm
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Rosenblatt analyst Kevin Cassidy reaffirmed a Buy rating on Ambarella with a steady price target of $85, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a Rosenblatt analyst, along with the maintenance of a price target, suggests a positive sentiment towards Ambarella's stock. This could lead to increased investor confidence and a potential short-term uplift in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100