Northland Reiterates Outperform Rating on Ambarella (AMBA)

Northland analyst Gus Richard reiterated an Outperform rating and $101.00 price target on Ambarella (NASDAQ: AMBA) on AI potential.

The analyst commented, "We believe that AI costs and data privacy concerns are driving enterprises to shift some AI workloads to on-premises. In enterprise environments, there is a wide range of performance requirements across performance, power, and cost. One size does not fit all. AMBA occupies a unique position within this spectrum of requirements, which likely drives the adoption of its products. This is demonstrated by the two 2nm ASIC development agreements it signed over the last year."

For an analyst ratings summary and ratings history on Ambarella click here. For more ratings news on Ambarella click here.

Shares of Ambarella closed at $67.12 yesterday.

You May Also Be Interested In

• Lockheed, RTX, Boeing, L3Harris expected to meet with Trump - WSJ
• Check Point joins OpenAI cyber partner program to embed AI models
• Alphabet (GOOGL) call put ratio 1.6 calls to 1 put with a focus on June 22 weekly calls as share price down 6%