Ambarella Slides After Stating Near-Term Outlook Pressured By China Covid Lockdowns
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Ambarella (AMBA) PT Lowered to $120 at Needham & Company
June 1, 2022 7:05 AM EDTNeedham & Company analyst N. Quinn Bolton lowered the price target on Ambarella (NASDAQ: AMBA) to $120.00 (from $175.00) while maintaining a Buy rating following earnings.
The analyst commented, "AMBA's F1Q23 results were in-line or better than guidance, but China lockdown headwinds and... More
