Morgan Stanley Maintains Overweight on Ambarella, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Ambarella (NASDAQ:AMBA) and raised the price target from $57 to $67.
May 31, 2024 | 12:40 pm
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Morgan Stanley has maintained its Overweight rating on Ambarella and raised the price target from $57 to $67, indicating a positive outlook for the stock.
The raised price target and maintained Overweight rating from a reputable firm like Morgan Stanley suggest a positive short-term impact on Ambarella's stock price. Investors are likely to view this as a strong endorsement of the company's prospects.
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