Susquehanna Maintains Positive on Ambarella, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland maintains a Positive rating on Ambarella (NASDAQ:AMBA) but lowers the price target from $80 to $70.
October 21, 2024 | 12:57 pm
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NEUTRAL IMPACT
Susquehanna analyst Christopher Rolland maintains a Positive rating on Ambarella but lowers the price target from $80 to $70, indicating a cautious outlook.
The analyst's decision to maintain a Positive rating suggests confidence in Ambarella's long-term prospects. However, the lowered price target indicates potential short-term challenges or market conditions that may affect the stock price. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100