Ambarella price target raised to $90 from $80 at Stifel

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.