Ambarella (AMBA) Receives a Buy from Stifel Nicolaus

Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Ambarella today and set a price target of $100.00.

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Svanberg covers the Technology sector, focusing on stocks such as Microchip, Cirrus Logic, and Astera Labs, Inc.. According to TipRanks, Svanberg has an average return of 23.2% and a 63.38% success rate on recommended stocks.

Currently, the analyst consensus on Ambarella is a Moderate Buy with an average price target of $96.70.

Based on Ambarella’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $108.45 million and a GAAP net loss of $15.11 million. In comparison, last year the company earned a revenue of $82.65 million and had a GAAP net loss of $24.07 million

Based on the recent corporate insider activity of 63 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. Earlier this month, Chi-Hong Ju, the SVP, Systems & GM, Asia of AMBA sold 7,728.00 shares for a total of $584,082.24.