Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc to $222 from $137, implying a 23 percent upside, and reiterated an Overweight. Morse bumped up the price target on the expectation of rising revenue leading to higher margins. Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and…
Ambarella Shares Pop as Morgan Stanley Bumps up Price Target by 62 Percent
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