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
€70.78
-0.620%
Ambarella Inc. is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
As a result the target price of 86 € shows a positive potential of 21.5% compared to the current price of 70.78 € for Ambarella Inc..
