Susquehanna analyst Christopher Rolland reiterated a Buy rating on Ambarella (AMBA – Research Report) today and set a price target of $100.00.
Christopher Rolland has given his Buy rating due to a combination of factors including Ambarella’s strong financial performance and strategic advancements in the AI sector. The company has reported better-than-expected results, driven by the successful ramp-up of new products with higher average selling prices, particularly those incorporating AI inference processors, leading to record AI revenue.
Additionally, Ambarella’s progress in the IoT sector, with significant developments in their 5nm SoC products and the production status of the CV7 family, has been a positive indicator. The company’s strategic partnerships and customer engagements, such as those with iPro/Panasonic and Motorola, further strengthen its market position. Despite a decline in the older video processing business, Ambarella’s growth prospects remain strong, supported by its developments in the automotive sector and anticipated revenue growth in FY26. These factors contribute to Rolland’s optimistic outlook and Buy rating for Ambarella’s stock.
In another report released today, Needham also maintained a Buy rating on the stock with a $110.00 price target.