Rosenblatt Securities Forecasts Strong Price Appreciation for Ambarella (NASDAQ:AMBA) Stock

Key Points

• Needham & Company LLC has raised Ambarella's price target from $90.00 to $100.00, indicating a potential upside of 41.58% from the current stock price.
• Ambarella currently holds a buy rating from seven analysts, with an average rating of "Moderate Buy" and a consensus price target of $88.75.
• Shares of Ambarella experienced a 1.8% decline and opened at $70.63 on Friday, with a twelve month high of $85.15 and a low of $38.86.

Ambarella (NASDAQ:AMBA - Free Report) had its price target upped by Rosenblatt Securities from $95.00 to $100.00 in a research report report published on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the semiconductor company's stock.

A number of other research analysts have also issued reports on the company. Bank of America boosted their price objective on Ambarella from $63.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Needham & Company LLC increased their price objective on Ambarella from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Susquehanna boosted their price target on Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Morgan Stanley boosted their price target on Ambarella from $80.00 to $96.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Summit Insights raised Ambarella from a "hold" rating to a "buy" rating in a research note on Friday, August 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $93.88.

Ambarella Stock Performance

AMBA stock traded down $0.75 during mid-day trading on Friday, reaching $79.32. 836,870 shares of the stock traded hands, compared to its average volume of 915,266. Ambarella has a one year low of $38.86 and a one year high of $93.44. The business has a 50-day moving average price of $68.45 and a two-hundred day moving average price of $59.52. The stock has a market capitalization of $3.36 billion, a PE ratio of -37.59 and a beta of 2.09.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.10. Ambarella had a negative net margin of 25.46% and a negative return on equity of 14.82%. The business had revenue of $95.51 million during the quarter, compared to the consensus estimate of $90.01 million. During the same period in the previous year, the company posted ($0.13) earnings per share. The firm's revenue was up 49.9% on a year-over-year basis. Ambarella has set its Q3 2026 guidance at EPS. On average, equities analysts expect that Ambarella will post -2.81 earnings per share for the current fiscal year.

Insider Transactions at Ambarella

In other Ambarella news, Director Christopher B. Paisley sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $62.58, for a total transaction of $62,580.00. Following the sale, the director directly owned 39,281 shares of the company's stock, valued at $2,458,204.98. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.70% of the company's stock.

Institutional Trading of Ambarella

A number of hedge funds have recently added to or reduced their stakes in AMBA. Ameritas Investment Partners Inc. grew its holdings in Ambarella by 4.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the semiconductor company's stock valued at $275,000 after purchasing an additional 196 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Ambarella by 21.3% in the second quarter. Advisors Asset Management Inc. now owns 1,134 shares of the semiconductor company's stock worth $75,000 after buying an additional 199 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Ambarella by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after purchasing an additional 201 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Ambarella by 27.6% in the second quarter. Daiwa Securities Group Inc. now owns 1,143 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 247 shares during the period. Finally, Franklin Resources Inc. increased its position in Ambarella by 0.6% during the second quarter. Franklin Resources Inc. now owns 42,506 shares of the semiconductor company's stock worth $2,808,000 after acquiring an additional 249 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.