Ambarella (NASDAQ:AMBA) Rating Reaffirmed
They currently have a $75.0 TP on Ambarella (NASDAQ:AMBA). The target price by Topeka Capital Markets would suggest a potential upside of 29.58% from the company’s current price. This has been disclosed to clients in a recent report on 4 December.
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 63.89% above today’s ($57.88) 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.
The stock decreased 4.27% or $2.58 during the last trading session, striking $57.88. Approximately 790 shares of stock traded hands. Ambarella Inc (NASDAQ:AMBA) has declined 23.89% since May 1, 2015 and is downtrending. It has underperformed by 21.11% the S&P500.
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 $1.83 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 24.68 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).