Morgan Stanley Maintains Overweight on Ambarella, Raises Price Target to $73
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 $67 to $73.
February 28, 2024 | 5:34 pm
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Morgan Stanley has reaffirmed its Overweight rating on Ambarella and raised the price target from $67 to $73.
The upgrade in price target by a reputable analyst like Joseph Moore from Morgan Stanley suggests a positive outlook on Ambarella's stock, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100