Form 8-K AMBARELLA INC For: Aug 30

Go back to Form 8-K AMBARELLA INC For: Aug 30

Ambarella (AMBA) PT Lowered to $104 at Jefferies

August 31, 2022 8:58 AM EDT

Jefferies analyst David Kelley lowered the price target on Ambarella (NASDAQ: AMBA) to $104.00 (from $122.00) while maintaining a Buy rating following earnings.

The analyst commented, "2Q adj. EPS of $0.20 was below our est. of $0.22, but modestly above consensus of $0.19. Midpoint of 3Q sales guide tracked below... More