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
€48.87
1.220%
With 21 Buy predictions and 4 Sell predictions Ambarella Inc. is one of the favorites of our community.
With a target price of 75 € there is a hugely positive potential of 53.47% for Ambarella Inc. compared to the current price of 48.87 €.