Analyst Bio:
As of May 31, 2023, Kevin Cassidy, an analyst at Rosenblatt, has maintained his Buy rating on Ambarella (NASDAQ:AMBA) despite lowering the price target from $100 to $95. This comes after Rosenblatt reiterated coverage of Ambarella on May 24, 2023, with a Buy recommendation, and an average one-year price target of $100.71.
Based on data from TipRanks, which includes 14 Wall Street analysts who have offered 12-month price targets for Ambarella in the last three months, the average price target is $100.52. The high forecast is $136.92, while the low estimate is $62.00.
Overall, Ambarella stock has received a consensus rating of Buy, with 50 Buy ratings, 9 Hold ratings, and 1 Sell rating.
