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Ambarella (NASDAQ:AMBA) target price raised to $62.00, issued a report today by Stifel

Yesterday Ambarella (NASDAQ:AMBA) traded 0.99% higher at $56.44. The company’s 50-day moving average is $49.58 and its 200-day moving average is $52.23. The last closing price is up 5.19% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 677,041 shares of the stock were exchanged, down from an average trading volume of 1,173,710

Ambarella (NASDAQ:AMBA) had its target price raised to $62.00 by Stifel in a report released 11/22/2017. The new target price indicates a possible upside of 0.10% based on the company's last closing price.

Previously on Tuesday September 05, 2017, Canaccord reported on Ambarella (NASDAQ:AMBA) lowered the target price from $72.00 to $58.00. At the time, this indicated a possible upside of 0.37%.

See Chart Below

Ambarella (NASDAQ:AMBA)

Ambarella has a 52 week low of $40.06 and a 52 week high of $65.78 with a P/E ratio of 35.89 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 8 brokers have issued a report on the stock. The consensus target price 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 (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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