10 Analysts Have This to Say About Ambarella
Portfolio Pulse from Benzinga Insights
Ambarella (NASDAQ:AMBA) has received 10 analyst ratings in the last quarter, with 5 bullish and 5 somewhat bullish, and none bearish. The average price target is $74.7, representing an upside from the current price of $60.865. This target has increased by 2.61% from the previous target of $72.80. Analyst ratings are updated quarterly and are based on financial statements, meetings, and insider information.
December 13, 2023 | 2:00 pm
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POSITIVE IMPACT
Ambarella has received a positive outlook from analysts with an average price target of $74.7, indicating a potential upside from the current price of $60.865.
The unanimous positive ratings from analysts, with an increased price target, suggest a strong bullish sentiment for Ambarella in the short term. Given that analyst ratings can influence market perception and investor behavior, this consensus could lead to an increase in the stock price as investors react to the positive forecast.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100