BofA raised the firm’s price target on Ambarella (AMBA) to $90 from $63 and keeps a Neutral rating on the shares after a “strong beat/raise” in Q2. Following the report, the firm raised its FY26 and FY27 sales estimates by 9% and 6%, respectively, but reiterates a Neutral rating given the emerging edge AI opportunity being offset by persisting auto softness.
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