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Ambarella’s (AMBA) prospects in the drone business are heating up, prompting one analyst to boost his price target on the high-flying stock. Chardan Capital analyst Jay Srivatsa in a research note Friday boosted his price target on Ambarella to 70 from 60 and maintained a neutral rating, citing efforts by Amazon (AMZN), Alibaba (BABA) and other companies to rev up their use of drones. Ambarella, which supplies chips that enable high-resolution Scalper1 News
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