tiprankstipranks
Trending News
More News >

Ambarella price target lowered to $90 from $110 at Needham

Needham lowered the firm’s price target on Ambarella (AMBA) to $90 from $110 and keeps a Buy rating on the shares. The company’s Q1 results and Q2 guidance exceeded estimates, though the firm is reducing its price target to reflect more conservative assumptions in its discount cash flow valuation model, the analyst tells investors in a research note.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1