Ambarella (AMBA) : The highest level Ambarella (AMBA) is projected to reach is $86 for the short term and the lowest estimate is at $43. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $63.86 and the possibility the share price can swing is $18.17.
Ambarella (AMBA) : 5 brokerage houses believe that Ambarella (AMBA) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ambarella (AMBA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.85.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Ambarella (NASDAQ:AMBA). In the latest research report, Deutsche Bank raises the target price from $45 per share to $47 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 3, 2016.
Ambarella (NASDAQ:AMBA): The stock opened at $71.77 on Thursday but the bulls could not build on the opening and the stock topped out at $72.33 for the day. The stock traded down to $70.47 during the day, due to lack of any buying support eventually closed down at $71.78 with a loss of -0.36% for the day. The stock had closed at $72.04 on the previous day. The total traded volume was 2,293,516 shares.
Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Companys system-on-a-chip (SoC) designs HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs). In the infrastructure market, the Companys solutions manage IP video traffic, broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs), and original equipment manufacturers (OEMs).