Roth MKM raised the firm’s price target on Ambarella (AMBA) to $85 from $80 and keeps a Neutral rating on the shares. The company delivered above consensus results and guidance, reflecting recovery from prior inventory adjustment conditions, and the firm is encouraged that Ambarella has traction across Internet of Things and automotive for its edge AI processors as it continues to successfully convert its multi-billion dollar pipeline, the analyst tells investors in a research note.
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Read More on AMBA:
- Ambarella’s Strong Financial Performance and Growth Prospects Lead to Buy Rating
- Ambarella’s Strategic Edge in IoT and Edge AI Drives Buy Rating Amid Geopolitical and Sector Challenges
- Ambarella’s Growth Potential Balanced by Tariff Concerns and High Operating Expenses: A Hold Rating Justified
- Ambarella Reports Strong Revenue Growth in Fiscal 2025
- Ambarella price target raised to $85 from $80 at Roth MKM
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