Ambarella Faces Tough Competition
Ambarella (NASDAQ: AMBA) has staged a terrific turnaround since the beginning of September. Shares of the video processing chip specialist have risen almost 35% after a report of poor performance sent the stock down 22% in a day.
That puts the stock up almost 8% so far this year. There seem to be two possible reasons for the impressive post-earnings rally.
Source: Fool.com
Ambarella Inc. Stock
€53.26
0.790%
The stock is one of the favorites of our community with 21 Buy predictions and 4 Sell predictions.
As a result the target price of 75 € shows a positive potential of 40.82% compared to the current price of 53.26 € for Ambarella Inc..
