BofA raised the firm’s price target on Ambarella (AMBA) to $92 from $90 and keeps a Neutral rating on the shares after a Q3 beat and FY26 revenue guidance raise. The firm is adjusting up its FY27 and FY28 EPS estimates on improved edge-AI-driven revenue outlook, but sees continued edge AI strength as balanced by gross margin pressure and potentially more limited operating leverage.
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Read More on AMBA:
- Ambarella price target raised to $100 from $90 at Stifel
- Ambarella’s Strong IoT Performance and Strategic Growth in Drone and Automotive Sectors Drive Buy Rating
- Ambarella’s Growth Trajectory: Buy Rating Affirmed Amidst Rising Edge AI Demand and Revised Revenue Outlook
- Ambarella’s Edge AI Growth Balanced by Margin and Market Challenges: Hold Rating Maintained
- Ambarella Inc. Reports Strong Q3 Revenue Growth