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Roth Capital announced Ambarella Corporation (NASDAQ:AMBA), boosting its stock price target to $80.00 today

In a report released on 9/29/2016 Roth Capital increased the stock price target of Ambarella Corporation (NASDAQ:AMBA) to $80.00 reporting a possible upside of 0.16%.

Previously on 9/28/2016, Roth Capital released a statement about Ambarella Corporation (NASDAQ:AMBA) increased the target price from $0.00 to $80.00. At the time, this indicated a possible upside of 0.17%.

Just yesterday Ambarella Corporation (NASDAQ:AMBA) traded 0.00% even at $68.77. Ambarella Corporation’s 50-day moving average is $67.15 and its 200-day moving average is $51.95. The last stock price is up 32.37% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 0 shares of AMBA traded hands, down from an average trading volume of 1,018,220

Recent Performance Chart

Ambarella Corporation (NASDAQ:AMBA)

Ambarella Corporation has 52 week low of $33.39 and a 52 week high of $72.99 with a PE ratio of 51.78 and has a market capitalization of $0.

In addition to Roth Capital reporting its stock price target, a total of 8 brokerages have issued a ratings update on the company. The average stock price target is $57.63 with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Ambarella Corporation (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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