Northland analyst Gus Richard raised the firm’s price target on Ambarella (AMBA) to $95 from $75 and keeps an Outperform rating on the shares after the company reported better-than-expected Q2 results and raised FY26 revenue growth guidance to 31%-35%, up from 25%. The Company’s IoT business is driving growth as portable cameras and drones are new notable growth drivers, the analyst tells investors.
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Read More on AMBA:
- Ambarella price target raised to $100 from $95 at Rosenblatt
- Ambarella price target raised to $90 from $80 at Stifel
- Ambarella price target raised to $90 from $63 at BofA
- Ambarella price target raised to $96 from $80 at Morgan Stanley
- Ambarella’s Strong Q2 Performance and Future Growth Potential Drive Buy Rating