Ambarella Shares Pop as Morgan Stanley Bumps up Price Target by 62 Percent

A view of the exterior of The Morgan Stanley Headquarters in Times Square in New York City, in July 2021. Gabriel Pevide/Getty Images for Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc to $222 from $137, implying a 23 percent upside, and reiterated an Overweight.

Morse bumped up the price target on the expectation of rising revenue leading to higher margins.