Better Buy: GoPro, Inc. vs. Ambarella
Like it or not, GoPro (NASDAQ: GPRO) and video-processing chip specialist Ambarella (NASDAQ: AMBA) are inexplicably tied to one another in the minds of many investors.
On one hand, business from GoPro formerly comprised 30% or more of Ambarella's revenue in any given quarter. On the other hand, any weakness from GoPro meant Ambarella would feel the pinch, which is why the video-processing chip specialist has worked hard to diversify its revenue base.
But on the heels of both companies' latest quarterly reports -- GoPro announced in early August, with Ambarella following a few days ago -- which stock is the better buy today? Let's dig deeper to find out.
Source: Fool.com
Ambarella Inc. Stock
€49.23
-0.160%
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 very positive potential of 52.35% compared to the current price of 49.23 € for Ambarella Inc..
