Ambarella, Inc. (NASDAQ:AMBA) shares surged 20% after the company reported better-than-expected first quarter earnings and issued positive guidance for the second quarter of fiscal-year 2025. The company reported a loss of 26 cents per share, beating analyst estimates of a loss of 31 cents per share, and revenue of $54.47 million, surpassing the expected $53.87 million. Ambarella's guidance for the next quarter also exceeded analyst expectations. Following the earnings report, Morgan Stanley raised its price target for Ambarella from $57 to $67, while Roth MKM lowered its price target from $65 to $60.