UBS Group Begins Coverage on Ambiq Micro (NYSE:AMBQ)

Key Points

• UBS Group has initiated coverage on Ambiq Micro with a "neutral" rating and a price target of $40.00, indicating a potential upside of 4.74% from its current stock price.
• Separately, Wall Street Zen upgraded the stock to a "hold" rating, while Ambiq Micro currently holds an average rating of "Moderate Buy" with a target price of $44.00.
• Ambiq Micro's stock opened at $38.19 on Monday, with a fifty-two week trading range between $32.89 and $51.76.

Equities research analysts at UBS Group began coverage on shares of Ambiq Micro (NYSE:AMBQ - Get Free Report) in a report released on Monday, MarketBeat.com reports. The brokerage set a "neutral" rating and a $40.00 price target on the stock. UBS Group's price objective suggests a potential upside of 1.27% from the stock's current price.

Separately, Wall Street Zen upgraded Ambiq Micro to a "hold" rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Ambiq Micro has a consensus rating of "Hold" and an average price target of $43.75.

Ambiq Micro Trading Up 1.0%

Shares of NYSE:AMBQ traded up $0.39 during trading on Monday, hitting $39.50. 108,456 shares of the company's stock traded hands, compared to its average volume of 324,019. Ambiq Micro has a 52 week low of $32.89 and a 52 week 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.