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Ambarella Inc (NASDAQ:AMBA) target price raised to $74.39, released a report earlier today by Vetr Inc.

Reporting a potential upside of 0.16%, Vetr Inc. raised the target price of Ambarella Inc (NASDAQ:AMBA) to $74.39

On 10/06/2016, Vetr Inc. released a statement for Ambarella Inc (NASDAQ:AMBA) bumped up the target price from $0.00 to $74.39 that suggested an upside of 0.04%.

Boasting a price of $64.40, Ambarella Inc (NASDAQ:AMBA) traded -0.81% lower on the day. With the last stock price close up 15.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ambarella Inc has recorded a 50-day average of $68.40 and a two hundred day average of $54.28. Volume of trade was up over the average, with 1,433,265 shares of AMBA changing hands over the typical 1,097,440

Performance Chart

Ambarella Inc (NASDAQ:AMBA)

With a total market value of $0, Ambarella Inc has 52 week low of $33.39 and a 52 week high of $74.95 with a PE ratio of 47.21 .

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.

Brief Synopsis On 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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