Ambiq Micro (NYSE:AMBQ) Earns Neutral Rating from Analysts at Bank of America

Key Points

• Ambiq Micro has received a neutral rating and a target price of $42.00 from Bank of America, indicating a potential upside of 9.98% from its previous close.
• Other research firms have given mixed reviews, with Stifel Nicolaus setting a "buy" rating at $45.00 and Needham & Company setting a price objective of $48.00.
• The average rating for Ambiq Micro among analysts is a "Moderate Buy" with an average target price of $43.75.

Analysts at Bank of America initiated coverage on shares of Ambiq Micro (NYSE:AMBQ - Get Free Report) in a report released on Monday. The brokerage set a "neutral" rating and a $42.00 price target on the stock. Bank of America's price target would indicate a potential upside of 9.98% from the company's previous close.

A number of other research firms have also commented on AMBQ. Stifel Nicolaus assumed coverage on shares of Ambiq Micro in a report on Monday. They set a "buy" rating and a $45.00 target price for the company. Wall Street Zen upgraded Ambiq Micro to a "hold" rating in a research report on Monday, August 11th. Needham & Company LLC initiated coverage on Ambiq Micro in a research note on Monday. They set a "buy" rating and a $48.00 price objective for the company. Finally, UBS Group initiated coverage on Ambiq Micro in a research note on Monday. They issued a "neutral" rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Ambiq Micro presently has an average rating of "Moderate Buy" and an average target price of $43.75.

Ambiq Micro Stock Performance

Shares of AMBQ opened at $38.19 on Monday. Ambiq Micro has a 12-month low of $32.89 and a 12-month high of $51.76.

About Ambiq Micro

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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