Stifel Nicolaus Initiates Coverage on Ambiq Micro (NYSE:AMBQ)

Key Points

• Stifel Nicolaus has initiated coverage of Ambiq Micro with a "buy" rating and a price target of $45.00, indicating a potential upside of 17.83% from the current stock price.
• Needham & Company also issued a "buy" rating but with a higher target of $48.00, while UBS Group has a "neutral" rating with a target of $40.00.
• The stock opened at $38.19 and has seen a one-year price range from $32.89 to $51.76, reflecting significant volatility.

Equities researchers at Stifel Nicolaus initiated coverage on shares of Ambiq Micro (NYSE:AMBQ - Get Free Report) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $45.00 price target on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 13.92% from the company's previous close.

AMBQ has been the topic of a number of other research reports. Needham & Company LLC assumed coverage on shares of Ambiq Micro in a research note on Monday, August 25th. They set a "buy" rating and a $48.00 price target on the stock. Wall Street Zen raised shares of Ambiq Micro to a "hold" rating in a report on Monday, August 11th. Finally, UBS Group began coverage on Ambiq Micro in a research note on Monday, August 25th. They set a "neutral" rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.75.

Ambiq Micro Price Performance

Ambiq Micro stock traded up $0.39 during midday trading on Monday, reaching $39.50. 108,456 shares of the stock traded hands, compared to its average volume of 324,019. Ambiq Micro has a 12 month low of $32.89 and a 12 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.