Ambarella (AMBA) is Initiated by Craig Hallum to Buy, Price Target at $80

Ambarella (AMBA) is Initiated by Craig Hallum to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $80. The shares recommendation by the Brokerage Firm was released on Dec-23-2015.

Shares of Ambarella, Inc. (NASDAQ:AMBA) ended Thursday session in red amid volatile trading. The shares closed down 0.26 points or 0.46% at $56.59 with 1,727,049 shares getting traded. Post opening the session at $57.27, the shares hit an intraday low of $56.21 and an intraday high of $59.73 and the price vacillated in this range throughout the day. The company has a market cap of $1,814 million and the number of outstanding shares has been calculated to be 32,049,374 shares. The 52-week high of Ambarella, Inc. (NASDAQ:AMBA) is $129.19 and the 52-week low is $44.45.

During the last several months other analysts have commented on the company rating. Deutsche Bank maintains its view on Ambarella, Inc. (NASDAQ:AMBA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $70 per share to $60 per share on Ambarella, Inc.. The rating by the firm was issued on December 4, 2015.

Research firm Zacks has rated Ambarella, Inc. (NASDAQ:AMBA) and has ranked it at 3, indicating that for the short term the shares are a hold. 12 Wall Street analysts have given the company an average rating of 1.83. The shares has received a hold rating based on the suggestion from 5 analysts in latest recommendations. Strong buy was given by 7 Wall Street Analysts.

Ambarella, Inc. (NASDAQ:AMBA): The stock price is expected to reach $ 80.71 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $105 while the lower estimate is at $60. The standard deviation of the price stands at $14.92.

Ambarella, Inc. has dropped 4.08% in the last five trading days, however, the shares have posted positive gains of 7.26% in the last 4 weeks. Ambarella, Inc. has dropped 20.81% during the last 3-month period . Year-to-Date the stock performance stands at 11.57%.

Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company combine its processor design capabilities with its video and image processing, algorithms and software to provide a technology platform. It sells solutions into the camera and infrastructure markets, with approximately 27 million system-on-a-chips (SoCs) shipped since our inception. In the camera market, its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, Internet Protocol (IP), security cameras, digital still cameras (DSCs), telepresence cameras, camcorders and pocket video cameras. In the infrastructure market, its solutions manage IP video traffic, broadcast encoding and IP video delivery applications. In 2012, the Company released its Wireless Camera Developers Kit. In 2012, it also launched S2 SoC, which enables Ultra High-Definition IP security cameras.