Ambarella Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Ambarella, Inc. (NASDAQ:AMBA) is set to release its second-quarter earnings, with analysts expecting a loss of 19 cents per share and revenue of $62.1 million. The stock recently closed at $51.15, up 2.6%. Analysts have varied ratings, with price targets ranging from $50 to $85.
August 27, 2024 | 12:12 pm
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Ambarella is expected to report a Q2 loss of 19 cents per share, with revenue of $62.1 million. Analysts have mixed ratings, with price targets from $50 to $85. The stock recently rose 2.6% to $51.15.
The upcoming earnings report and varied analyst ratings create uncertainty around AMBA's short-term price movement. The recent stock price increase suggests some positive sentiment, but the expected loss and mixed ratings could lead to volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100