Stifel lowered the firm’s price target on Ambarella to $78 from $95 and keeps a Buy rating on the shares. While “disappointed” with Ambarella’s near-term outlook and extended recovery period, the firm remains more constructive about Ambarella’s long-term positioning, the analyst tells investors in a post-earnings 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 price target lowered to $65 from $75 at Deutsche Bank
- 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