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Ambarella Inc (NASDAQ:AMBA) stock price target increased to $74.39, issued a research note today by Vetr Inc.

Yesterday Ambarella Inc (NASDAQ:AMBA) traded -1.46% lower at $71.48. The company’s 50-day moving average is $68.62 and its 200-day moving average is $53.30. The last closing price is up 34.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 667,645 shares of the stock traded hands, down from an average trading volume of 1,053,420

In a report released on 10/06/2016 Vetr Inc. increased the stock price target of Ambarella Inc (NASDAQ:AMBA) to $74.39 indicating a possible upside of 0.04%.

Previously on 9/29/2016, Roth Capital reported on Ambarella Inc (NASDAQ:AMBA) increased the target price from $0.00 to $80.00. At the time, this indicated a possible upside of 0.16%.

See Chart Below

Ambarella Inc (NASDAQ:AMBA)

Ambarella Inc has a 52 week low of $33.39 and a 52 week high of $74.95 with a P/E ratio of 53.83 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $57.63 with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ambarella Inc (NASDAQ:AMBA)

Ambarella, Inc. offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip. In the camera market, its platform enables the creation of video content in wearable cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles. In the infrastructure market, its solutions manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications. AmbaClear is its image signal processing architecture. AmbaCast is its HD video processing architecture. It offers the MotorVu 3D 360 degrees Surround View reference design for automotive original equipment manufacturer market.

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