Where Will Ambarella, Inc. Be in One Year?
2017 was a year to forget for chipmaker Ambarella (NASDAQ: AMBA), which produces image processing SoCs (system on chips) for action cameras, security cameras, dash cams, drones, and other devices.
The stock has stayed nearly flat for the year compared to a 45% gain for the Philadelphia Semiconductor Index. Let's look back at what went wrong for Ambarella this year, and whether or not it can bounce back next year.
Image source: Ambarella.
Source: Fool.com
Ambarella Inc. Stock
€48.87
1.220%
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 53.47% compared to the current price of 48.87 € for Ambarella Inc..
