Brokerage Firm Rating Update on Ambarella (AMBA)

Ambarella (AMBA) : The consensus on Ambarella (AMBA) based on 10 analyst recommendation on the company stock is 1.85, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Ambarella (AMBA) : The highest level Ambarella (AMBA) is projected to reach is $86 for the short term and the lowest estimate is at $47. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $70 and the possibility the share price can swing is $17.19.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm KeyBanc maintains its rating on Ambarella (NASDAQ:AMBA). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at KeyBanc raises the price target from $53 per share to $75 per share. The rating by the firm was issued on August 30, 2016.

Ambarella (NASDAQ:AMBA): stock was range-bound between the intraday low of $66.33 and the intraday high of $69.18 after having opened at $69.13 on Wednesdays session. The stock finally closed in the red at $69.13, a loss of -2.57%. The stock remained in the red for the whole trading day. The total traded volume was 1,236,883 shares. The stock failed to cross $69.18 in Wednesdays trading. The stocks closing price on Thursday was $68.88.

Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Companys system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. 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). In the infrastructure market, the Companys solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).

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