Ambiq Micro (NYSE:AMBQ) Earns Buy Rating from Analysts at Needham & Company LLC

Key Points

• Needham & Company LLC has given Ambiq Micro a "buy" rating with a price target of $48.00, indicating a potential upside of 25.69% from its current price.
• UBS Group has initiated coverage with a "neutral" rating and a $40.00 price target, while Ambiq Micro has an average rating of "Moderate Buy" with a consensus target price of $44.00.
• The stock opened at $38.19 and has a 52-week range with a low of $32.89 and a high of $51.76.

Stock analysts at Needham & Company LLC assumed coverage on shares of Ambiq Micro (NYSE:AMBQ - Get Free Report) in a report issued on Monday,Benzinga reports. The firm set a "buy" rating and a $48.00 price target on the stock. Needham & Company LLC's price objective points to a potential upside of 25.69% from the company's current price.

Other research analysts have also issued research reports about the stock. UBS Group assumed coverage on shares of Ambiq Micro in a report on Monday. They set a "neutral" rating and a $40.00 price target for the company. Wall Street Zen upgraded shares of Ambiq Micro to a "hold" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.00.

Ambiq Micro Stock Performance

Ambiq Micro stock opened at $38.19 on Monday. Ambiq Micro has a 52-week low of $32.89 and a 52-week high of $51.76.

Ambiq Micro Company Profile

Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We are a pioneer and leading provider of ultra-low power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute – especially at the edge.

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