Needham & Company LLC Begins Coverage on Ambiq Micro (NYSE:AMBQ)

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.

Analysts at Needham & Company LLC initiated coverage on shares of Ambiq Micro (NYSE:AMBQ - Get Free Report) in a research note issued on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $48.00 price target on the stock. Needham & Company LLC's price objective would indicate a potential upside of 21.52% from the company's current price.

Several other equities analysts have also commented on AMBQ. UBS Group initiated coverage on Ambiq Micro in a report on Monday, August 25th. They set a "neutral" rating and a $40.00 target price for the company. Wall Street Zen raised Ambiq Micro to a "hold" rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $43.75.

Ambiq Micro Trading Up 1.0%

AMBQ traded up $0.39 on Monday, hitting $39.50. 108,456 shares of the company's stock were exchanged, compared to its average volume of 324,019. Ambiq Micro has a twelve month low of $32.89 and a twelve month 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.