Needham raised the firm’s price target on Ambarella (AMBA) to $110 from $100 and keeps a Buy rating on the shares. The company reported Q4 results above the midpoint, and guided Q1 well above expectations, the analyst tells investors in a research note. The management is also incorporating conservatism into its second half FY26 due to uncertainty surrounding the impact of government policy decisions regarding tariffs, the firm adds.
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