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Stifel Nicolaus raised its price target for Ambarella (AMBA) stock on Monday, citing the chipmaker’s growth potential in the video camera, security, automotive, wearables and drones markets over the next few years. Analyst Kevin Cassidy raised his price target to 47 from 44 and reiterated a buy rating. Ambarella stock was up 2.5% in midday trading in the stock market today, near 43. Ambarella, which made its IPO at 6 in October 2012, touched an Scalper1 News
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