tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ambarella price target raised to $63 from $50 at BofA

BofA raised the firm’s price target on Ambarella (AMBA) to $63 from $50 and keeps a Neutral rating on the shares. Ambarella’s design-win traction points to steady execution, says the analyst, who argues that the FY26 guidance midpoint “could prove conservative,” despite risks. Following April quarter results, the firm raised its FY26 and FY27 sales estimates 6% and 4%, respectively.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Disclaimer & DisclosureReport an Issue

1