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Ambarella (AMBA) got a price target increase Tuesday from an analyst who is bullish about its technology differentiation, VisLab acquisition and opportunities in the drone market. “We believe the drone market should roughly double each of the next couple years, growing from 1.5 million units in 2014 to 3.2 million, 5.9 million and around 10 million units from 2015 to 2017,” Canaccord Genuity analyst Matthew Ramsay said in a research report Scalper1 News
Scalper1 News