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Roth Capital announced Ambarella Inc (NASDAQ:AMBA), bumping up its stock price target to $80.00 today

Just yesterday Ambarella Inc (NASDAQ:AMBA) traded 3.87% higher at $68.64. Ambarella Inc’s 50-day moving average is $67.80 and its 200-day moving average is $52.33. The last closing price is up 40.68% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,959,619 shares of AMBA traded hands, up from an average trading volume of 1,047,910

In a report released on 9/28/2016 Roth Capital increased the stock price target of Ambarella Inc (NASDAQ:AMBA) to $80.00 reporting a possible upside of 0.17%.

Previously on 9/26/2016, Vetr Inc. reported on Ambarella Inc (NASDAQ:AMBA) increased the target price from $0.00 to $65.38. At the time, this indicated a possible downside of -0.02%.

Recent Performance Chart

Ambarella Inc (NASDAQ:AMBA)

Ambarella Inc has 52 week low of $33.39 and a 52 week high of $74.56 with a PE ratio of 55.43 and has a market capitalization of $0.

In addition to Roth Capital 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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