Why Ambarella, Inc. Stock Jumped 15.2% in October
Shares of Ambarella Inc. (NASDAQ: AMBA) popped 15.2% in October, according to data from S&P Global Market Intelligence, after an analyst upgraded the video processing chip specialist.
More specifically, Ambarella's gradual rise last month started in earnest with a 6% pop on Oct. 12, when Canaccord Genuity analyst Matt Ramsay maintained his "buy" rating on the stock and increased his per-share price target to $65 from $58. For perspective, Ambarella stock closed on Tuesday at $54.68 per share.
IMAGE SOURCE: AMBARELLA INC.
Source: Fool.com
Ambarella Inc. Stock
€52.94
0.110%
Currently there is a rather positive sentiment for Ambarella Inc. with 20 Buy predictions and 4 Sell predictions.
With a target price of 73 € there is a positive potential of 37.89% for Ambarella Inc. compared to the current price of 52.94 €.
