Deutsche Bank lowered the firm’s price target on Ambarella to $65 from $75 and keeps a Hold rating on the shares. For the sixth consecutive quarter, Ambarella delivered in-line results but disappointing guidance as inventory digestion headwinds continue to overwhelm its secular growth areas, the analyst tells investors in a research note.
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Read More on AMBA:
- Ambarella (NASDAQ:AMBA) Earns Buy Ratings Despite Weak Q2 Results
- Ambarella (NASDAQ: AMBA) Slides as Q2 Results Disappoint
- Ambarella down 14% at $65.40 after Q2 results, below-consensus guidance
- Ambarella CFO says there is ‘opportunity for sequential growth’ in Q1 of 2025
- Ambarella sees Q3 revenue $50M +/- 4%, consensus $67.6M