Stifel Nicolaus Sticks to Their Buy Rating for Ambarella (AMBA)

In a report released yesterday, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Ambarella (AMBAResearch Report), with a price target of $90.00. The company’s shares closed yesterday at $71.78.

According to TipRanks, Svanberg is a top 100 analyst with an average return of 21.2% and a 65.59% success rate. Svanberg covers the Technology sector, focusing on stocks such as O2Micro International, Ambarella, and MACOM Technology Solutions Holdings.

Ambarella has an analyst consensus of Moderate Buy, with a price target consensus of $96.18, implying a 33.99% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $96.00 price target.

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AMBA market cap is currently $2.93B and has a P/E ratio of -67.37.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMBA in relation to earlier this year. Last month, Christopher Paisley, a Director at AMBA bought 1,555.00 shares for a total of $60,520.60.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.

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