Ambarella, Inc. Announces Second Quarter Fiscal Year 2017 Financial Results

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FBN Boosts PT on Ambarella (AMBA) to $80; Sees Strong Sports Cam Sales in Q3

September 2, 2016 2:12 PM EDT

FBN lifted its price target on Outperform-rated Ambarella (Nasdaq: AMBA) from $60 to $80 following Q2 results reported on Thursday night.

Analyst Shebly Seyrafi commented on Friday: The company reported FQ2 results above expectations with NG EPS significantly above expectations due to better... More