Susquehanna raised the firm’s price target on Ambarella (AMBA) to $85 from $70 and keeps a Positive rating on the shares. The firm said Ambarella again posted better results and even stronger guidance as the company continues to benefit from new product ramps with higher ASPs, particularly those including its AI inference processors.
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Read More on AMBA:
- Ambarella price target raised to $95 from $80 at Stifel
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