New York: Ambarella (NASDAQ:AMBA) Stock Has Just Had Its “Hold” Rating Reiterated by Deutsche Bank. Shares now Have a $70 Target

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Ambarella (NASDAQ:AMBA) Rating Reaffirmed

Recently, In an interesting research report released on 1 December, Ambarella (NASDAQ:AMBA) shares have had their “Hold” Rating maintained by research professionals at Deutsche Bank, who currently has a $70 target PPS on company. This target by Deutsche Bank could mean the possibile upside of 16.76% from the closing share price.

From a total of 9 analysts covering Ambarella Corporation (NASDAQ:AMBA) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is $115 while the lowest target price is $70. The mean of all analyst targets is $91.44 with a 58.23% above today’s ($59.95) stock price. Ambarella Corporation was the topic of 26 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 1 with “Hold” rating. Vetr upgraded shares to “Strong-Buy” rating and $98.44 target share price in a report from a September 3. TheStreet upgraded AMBA stock in a recent report from October 13 to “Buy” rating. JMP Securities maintained the rating on September 3. JMP Securities has a “Outperform” rating and a $105 price target on shares. Finally, Ladenburg Thalmann initiated the stock with “Buy” rating in a report issued on a September 10.

Approximately 3.71M shares of stock traded hands or 70.97% up from the average. Ambarella Inc (NASDAQ:AMBA) has declined 12.78% since April 28, 2015 and is downtrending. It has underperformed by 11.15% the S&P500.

Analysts await Ambarella Inc (NASDAQ:AMBA) to reports earnings on December, 3. They expect $0.71 earnings per share, up 24.56% or $0.14 from last year’s $0.57 per share. AMBA’s profit will be $20.96 million for 21.11 P/E if the $0.71 EPS becomes reality. After $0.72 actual earnings per share reported by Ambarella Inc for the previous quarter, Wall Street now forecasts -1.39% negative EPS growth.

Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $1.77 billion. The Company’s system-on-a-chip (SoC) creates HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. It has 25.57 P/E ratio. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs).

According to Zacks Investment Research, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California.” Get a free copy of the Zacks research report on Ambarella Inc (AMBA)

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