On Nov 27, major Wall Street analysts update their ratings for $Ambarella (AMBA.US)$, with price targets ranging from $65 to $100.
Morgan Stanley analyst Joseph Moore maintains with a buy rating, and adjusts the target price from $73 to $90.
BofA Securities analyst Vivek Arya maintains with a sell rating, and adjusts the target price from $50 to $65.
Needham analyst Quinn Bolton maintains with a buy rating, and adjusts the target price from $90 to $100.
Stifel analyst Tore Svanberg maintains with a buy rating, and adjusts the target price from $80 to $95.
SIG analyst Christopher Rolland maintains with a buy rating, and adjusts the target price from $70 to $85.
Furthermore, according to the comprehensive report, the opinions of $Ambarella (AMBA.US)$'s main analysts recently are as follows:
Ambarella reported solid results for the October-end quarter, which positively influenced the stock's performance. Despite this, questions remain about whether the valuation is justifiable for a business considered to be relatively small scale, especially given that much of the valuation depends on growth projections beyond 2025 that are now perceived as less certain. The firm has slightly raised its sales estimates for calendar years 2025 and 2026, but has concurrently adjusted its pro-forma EPS forecasts downwards for these years.
Ambarella's recent performance was reinforced by 'another strong quarter and outlook,' driven by new product cycles. The analyst observed that their product strength in both IoT and automotive sectors contributed positively. Additionally, the superior capabilities of their technology coupled with the rising demand for Edge AI have effectively countered prevailing market challenges. There's anticipation of a significant automotive inflection by 2026.
Ambarella's recent 'beat-and-raise' performance in Q3 was favorably viewed, particularly noting its third consecutive guidance raise. The company is recognized for its effective execution on its CV product family pipeline, solidifying its status as a key player within the expanding AI at the Edge ecosystem.
Here are the latest investment ratings and price targets for $Ambarella (AMBA.US)$ from 6 analysts:
Note:
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