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

By Benzinga
Benzinga
Benzinga
November 30, 2021 Updated: November 30, 2021

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.

Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display.

Price Action

AMBA shares closed 5.60 percent higher at $181.85 on the last check Monday.

By Anusuya Lahiri 

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