Ambarella Price Target Hiked On Evolving Technology

By | March 30, 2015

Scalper1 News

Ambarella (AMBA) continues to differentiate its portfolio of video processors for action cameras, one analyst says, positioning the chipmaker to capitalize on new customers and markets, and prompting him to boost his target price on the stock. Following investor meetings with Ambarella CEO Fermi Wang and CFO George Laplante, Canaccord Genuity analyst Matthew Ramsay in a research report Monday boosted his target price on Ambarella stock to 81 from Scalper1 News

Scalper1 News