Stifel Maintains Buy on Ambarella, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Ambarella (NASDAQ:AMBA) and raises the price target from $75 to $80.
August 28, 2024 | 1:20 pm
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Stifel analyst Tore Svanberg has reiterated a Buy rating for Ambarella and increased the price target from $75 to $80, indicating confidence in the company's future performance.
The increase in price target from $75 to $80 by Stifel suggests a positive outlook for Ambarella's stock, likely leading to a short-term price increase. The Buy rating indicates strong confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100