Northland raised the firm’s price target on Ambarella (AMBA) to $95 from $75 and keeps an Outperform rating on the shares after the company reported “a strong quarter” and guided Q4 above consensus. While Ambarella’s auto funnel declined year-over-year to $2.2B due to delays at automakers, AI IoT imagining applications are “a more significant growth vector in FY26,” the analyst tells investors.
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