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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Read More on AMBA:
- Ambarella’s Promising Outlook: Strategic Expansion and Diversified Revenue Streams Drive Buy Rating
- Ambarella’s Strong AI Prospects Offset by Competitive and Operational Challenges: Hold Rating Maintained
- Ambarella Inc. Reports Strong Q1 Revenue Growth
- Ambarella reports Q1 EPS 7c, consensus 4c
- Ambarella sees Q2 revenue $86M-$94M, consensus $84.64M