Needham Reiterates Buy on Ambarella, Maintains $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has reiterated a Buy rating on Ambarella (NASDAQ:AMBA) and maintained a price target of $90.
August 28, 2024 | 10:56 am
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Needham analyst Quinn Bolton has reiterated a Buy rating on Ambarella and maintained a price target of $90, indicating confidence in the company's future performance.
The reiteration of a Buy rating and maintenance of a $90 price target by a reputable analyst suggests a positive outlook for Ambarella. This could lead to increased investor confidence and potentially a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100