Morgan Stanley Maintains Overweight on Ambarella, Raises Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore maintains an Overweight rating on Ambarella (NASDAQ:AMBA) and raises the price target from $67 to $73.
August 28, 2024 | 12:49 pm
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Morgan Stanley's analyst Joseph Moore has reaffirmed an Overweight rating on Ambarella and increased the price target from $67 to $73, indicating a positive outlook.
The increase in price target from $67 to $73 by a reputable analyst at Morgan Stanley suggests a positive outlook for Ambarella, likely boosting investor confidence and potentially driving the stock price up in the short term.
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