Stifel Reiterates Buy Rating on Ambarella (AMBA)

Stifel analyst Tore Svanberg reiterated a Buy rating and $80.00 price target on Ambarella (NASDAQ: AMBA).

The analyst commented, “Expect Apr Q results in-line with our $84.0mn estimate, bolstered by two ‘waves’ of growth contributing to the outlook: (i) AMBA’s CV5 family building on the momentum exiting FY25E, and (ii) the CV7 family reaching production status in F4Q25A, with three customers purchasing production quantities.We believe AMBA could offer guidance with upside bias for F2Q26E revenue relative to our current $84.8mn estimate (+1.0% q/q), which we note is slightly below 5-yr avg seasonality of +2.3% q/q.Contemplating the material opportunity for AMBA presented with the sizeable AI capex upgrade cycle, we reiterate our Buy rating, reminding investors of our belief that there are very few SMID cap semiconductor stocks this well positioned for Edge AI opportunities in the coming years. 12-month target price of $80, based on an8.6x CY26E EV/Sales multiple.”

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Shares of Ambarella closed at $62.48 yesterday.

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