Ambiq Micro Inc (AMBQ) PT Lowered to $40 at Stifel

Stifel analyst Tore Svanberg lowered the price target on Ambiq Micro Inc (NYSE: AMBQ) to $40.00 (from $45.00) while maintaining a Buy rating.

The analyst comments "Slight 3Q25 beat, with revenue of $18.2mn (+1.6% q/q) +2.3% higher than our/Street $17.8mn estimate, with NG LPS of ($0.22) coming in +$0.10 higher than our projected NG LPS of ($0.32). • Raised 4Q25 revenue guide, with $19.0mn midpoint representing a +4.6% q/q improvement, and +35.7% higher than our prior estimate. • With management providing upbeat commentary on the company’s three key strategic initiatives, we believe AMBQ is in an ideal position to deploy its IPO proceeds towards meaningful investments in next-gen platforms, even as its current product portfolio continues to exhibit meaningful growth. • Maintain Buy on Edge AI Beneficiary, with adjusted 12-month Target Price of $40 (from $45) based on a 9.6x CY26E EV/Sales multiple, and reflecting lower comps and recent volatility in semiconductor valuations."

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