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Ambarella (AMBA) PT Lowered to $160 at KeyBanc

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Ambarella (AMBA) Stock Crumbles 20% on Light Forecast, Analyst Sees a Buying Opportunity

March 1, 2022 8:12 AM EST

Shares of Ambarella (NASDAQ: AMBA) are down more than 15% in premarket trading Tuesday after the semiconductor company reported Q4 financial results.

Ambarella posted Q4 adjusted EPS of 45c, up from 14c in the year-ago quarter and above the consensus estimates of 42c. Revenue stood at $90.2 million in the period, up 45% YOY and matching the analyst expectations of $90.2 million.... More

Ambarella (AMBA) PT Lowered to $160 at Jefferies

March 1, 2022 7:50 AM EST

Jefferies analyst David Kelley lowered the price target on Ambarella (NASDAQ: AMBA) to $160.00 (from $170.00) while maintaining a Buy rating.

The analyst commented, "Q adj. EPS of $0.45 beat our est. of $0.44 & consensus of $0.42, while 1Q guide implies in-line sales, but lower earnings.... More

Ambarella (AMBA) PT Lowered to $200 at Rosenblatt

March 1, 2022 7:20 AM EST

Rosenblatt analyst Kevin Cassidy lowered the price target on Ambarella (NASDAQ: AMBA) to $200.00 (from $250.00) while maintaining a Buy rating.

The analyst commented, "Ambarella delivered an in-line quarter and a very slight miss to the April quarter estimates. Multiple supply chain issues that are... More