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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.

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