Northland Securities analyst Gus Richard reiterated a Buy rating on Ambarella (AMBA) today and set a price target of $45. The company’s shares closed yesterday at $33.75, close to its 52-week low of $30.
According to TipRanks.com, Richard is a 5-star analyst with an average return of 22.0% and a 65.3% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Quantenna Communications, and Applied Optoelectronics.
Currently, the analyst consensus on Ambarella is a Moderate Buy with an average price target of $41.20, which is a 22.1% upside from current levels. In a report issued on November 26, Morgan Stanley also reiterated a Buy rating on the stock with a $50 price target.
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The company has a one-year high of $66.23 and a one-year low of $30. Currently, Ambarella has an average volume of 869.9K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
