Susquehanna Keeps Their Buy Rating on Ambarella (AMBA)
Susquehanna analyst Christopher Rolland reiterated a Buy rating on Ambarella today and set a price target of $100.00.
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According to TipRanks, Rolland is a 5-star analyst with an average return of 15.7% and a 52.21% success rate. Rolland covers the Technology sector, focusing on stocks such as ON Semiconductor, Advanced Micro Devices, and Ambarella.
In addition to Susquehanna, Ambarella also received a Buy from Rosenblatt Securities’s Kevin Cassidy in a report issued today. However, on the same day, KeyBanc maintained a Hold rating on Ambarella (NASDAQ: AMBA).
Based on Ambarella’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $95.51 million and a GAAP net loss of $20 million. In comparison, last year the company earned a revenue of $63.72 million and had a GAAP net loss of $34.89 million
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMBA in relation to earlier this year. Last month, Chi-Hong Ju, the SVP, Systems & GM, Asia of AMBA sold 11,213.00 shares for a total of $909,473.29.
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- Ambarella price target raised to $115 from $100 at Rosenblatt
- Ambarella price target raised to $92 from $90 at BofA
- Ambarella price target raised to $100 from $90 at Stifel
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