Wells Fargo Maintains Equal-Weight on Ambarella, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Equal-Weight rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $65 to $55.
May 31, 2024 | 4:23 pm
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Wells Fargo analyst Gary Mobley maintains an Equal-Weight rating on Ambarella but lowers the price target from $65 to $55.
The lowered price target from $65 to $55 suggests a less optimistic outlook for Ambarella's stock performance, which could lead to a short-term decline in its stock price.
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