Roth MKM Maintains Neutral on Ambarella, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Neutral rating on Ambarella (NASDAQ:AMBA) and lowers the price target from $65 to $60.
May 31, 2024 | 1:15 pm
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Roth MKM analyst Suji Desilva maintains a Neutral rating on Ambarella and lowers the price target from $65 to $60.
The lowered price target from $65 to $60 suggests a less optimistic outlook for Ambarella's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100