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Canaccord covered Ambarella (NASDAQ:AMBA), bumping up its stock price target to $87.00 earlier today

Displaying a price of $63.91, Ambarella (NASDAQ:AMBA) traded 0.18% higher on the day. The last stock close price is up 18.59% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. AMBA has recorded a 50-day average of $68.86 and a two hundred day average of $53.99. 154,291 shares of AMBA traded hands, down from an average trading volume of 1,063,220

Ambarella (NASDAQ:AMBA) had its price target upped to $87.00 by Canaccord in a report released 10/12/2016. The new target price suggests a potential upside of 0.36% based on the company's previous close.

Previously on 10/6/2016, Vetr Inc. released a statement about Ambarella (NASDAQ:AMBA) raised the target price from $0.00 to $74.39 that suggested an upside of 0.04%.

Recent Performance Chart

Ambarella (NASDAQ:AMBA)

Ambarella has a PE ratio of 48.21 with a 52 week low of $33.39 and a 52 week high of $74.95 Ambarella’s market capitalization is currently $0.

Also covering Ambarella's stock price target, a total of 8 brokers have issued a report on AMBA. The one year target is $57.63 with 2 firms rating the company a strong buy, five brokers rating the stock a buy, 4 brokerages rating the company a hold, zero firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis 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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