Stifel raised the firm’s price target on Ambarella (AMBA) to $90 from $80 and keeps a Buy rating on the shares following what the firm calls an “impressive beat-and-raise” report. The report drives the firm’s conviction that strong results exhibited in FY26 are “not related to demand pull-ins, instead stemming from true momentum and demand for AMBA’s Edge AI product portfolio,” the analyst tells investors.
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Read More on AMBA:
- Ambarella price target raised to $90 from $63 at BofA
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