Ambarella (AMBA) Tops Q2 EPS by 6c; offers guidance
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Oppenheimer Reiterates Perform Rating on Ambarella (AMBA)
August 28, 2024 7:27 AM EDTOppenheimer analyst Martin Yang reiterated a Perform rating on Ambarella (NASDAQ: AMBA).
The analyst comments "Ambarella's F2Q25 results topped guidance and mark the third consecutive quarter of sequential revenue growth in its recovery. Management also expects F3Q25 to grow... More
Roth/MKM Reiterates Neutral Rating on Ambarella (AMBA)
August 28, 2024 6:20 AM EDTRoth/MKM analyst Suji Desilva reiterated a Neutral rating and $60.00 price target on Ambarella (NASDAQ: AMBA).
The analyst comments "AMBA guided to sequential revenue growth ahead of consensus, reflecting normalized inventory levels that allow for a cyclical recovery in step with seasonal... More
Deutsche Bank Reiterates Hold Rating on Ambarella (AMBA)
August 28, 2024 5:29 AM EDTDeutsche Bank analyst Ross Seymore reiterated a Hold rating and $65.00 price target on Ambarella (NASDAQ: AMBA).
The analyst comments "AMBA delivered stronger-than-expected F2Q results, along with a F3Q guide that exceeded DBe/Street expectations (3Q revs +24% q/q vs. DBe/Street +11% q/q) as cyclical pressures abate and co-specific product cycles finally begin to kick in. While cycle... More
Ambarella (AMBA) PT Raised to $80 at Stifel
August 28, 2024 5:01 AM EDTStifel analyst Tore Svanberg raised the price target on Ambarella (NASDAQ: AMBA) to $80.00 (from $75.00) while maintaining a Buy rating.
The analyst comments "Confidence in Growth Visibility: Overall, we were impressed with the companys 2nd consecutive guidance raise, as most of AMBAs customers have... More
