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Vetr Inc. disclosed Ambarella Inc (NASDAQ:AMBA), boosting its stock price target to $68.62 earlier today

Ambarella Inc (NASDAQ:AMBA) had its target price increased to $69 by Vetr Inc. in an issued report released 8/18/2016. The latest target price implies a potential upside of 0.04% from the bussiness’ previous closing price.

Previously on 6/03/2016, Deutsche Bank released a statement for Ambarella Inc(NASDAQ:AMBA) bumped the target price from $45.00 to $47.00. At the time, this indicated a possible upside of 0.01%.

Showing a price of $65.84, Ambarella Inc (NASDAQ:AMBA) traded 0.94% lower on the day. With the last stock close up 35.31% relative to the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same period. Ambarella Inc has logged a 50-day moving average of $65.04 and two hundred day moving average of $50.40. Volume of trade was was up over the average, with 1,080,979 shares of AMBA changing hands over the typical 1,034,290 shares.

See Chart Below:

Ambarella Inc (NASDAQ:AMBA)

With a market capitalization of $0.0, Ambarella Inc has a price-earnings of 51 with a 52 week low of $33.39 and a 52 week high of $72.99.

In addition to Vetr Inc. reporting it’s price target, a total of 8 brokerages have released a report on the company. The consensus target price is $57.63 with two analysts rating the company a strong buy, five analysts rating the company a buy, four firms rating the stock a hold, 0 rating the company to underperform, and finally 0 analystsrating the company as sell.

More About 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 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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