Analysts’ Opinions Are Mixed on These Technology Stocks: Ambarella (NASDAQ: AMBA), Maxlinear Inc (NYSE: MXL) and Canadian Solar Inc (NASDAQ: CSIQ)

By Ryan Adsit

Analysts have been eager to weigh in on the Technology sector with new ratings on Ambarella (NASDAQ: AMBA), Maxlinear Inc (NYSE: MXL) and Canadian Solar Inc (NASDAQ: CSIQ).

Ambarella (NASDAQ: AMBA)

In a report released today, Sujeeva De Silva from Roth Capital reiterated a Buy rating on Ambarella (NASDAQ: AMBA), with a price target of $65. The company’s shares opened today at $53.60.

De Silva wrote:

“We believe AMBA represents a differentiated investment opportunity in low power video and machine vision processor. While results were slightly ahead of consensus and guidance just below consensus, we note overall demand patterns are stabilizing following content loss at a lead wearable customer. We are encouraged that full-year guidance was reiterated, affirming healthy diversified growth across multiple segments despite muted demand from the drone market.”

According to TipRanks.com, Silva is a top 100 analyst with an average return of 20.8% and a 70.8% success rate. Silva covers the Technology sector, focusing on stocks such as Semiconductor Manufacturing, Adesto Technologies Corp, and Advanced Micro Devices.

Currently, the analyst consensus on Ambarella is Moderate Buy and the average price target is $64.77, representing a 20.8% upside.

In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a $72 price target.
Maxlinear Inc (NYSE: MXL)

Roth Capital analyst Brian Alger reiterated a Buy rating on Maxlinear Inc (NYSE: MXL) yesterday and set a price target of $38. The company’s shares opened today at $30.68, close to its 52-week high of $32.24.

According to TipRanks.com, Alger is a top 100 analyst with an average return of 39.3% and a 63.6% success rate. Alger covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Dot Hill Systems Corp, and Super Micro Computer.

Maxlinear Inc has an analyst consensus of Strong Buy, with a price target consensus of $35.

Canadian Solar Inc (NASDAQ: CSIQ)

In a report released yesterday, Philip Shen from Roth Capital reiterated a Hold rating on Canadian Solar Inc (NASDAQ: CSIQ), with a price target of $12. The company’s shares opened today at $12.55.

According to TipRanks.com, Shen is ranked 0 out of 5 stars with an average return of -15.4% and a 26.9% success rate. Shen covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Maxwell Technologies, and Orion Energy Systems.

Canadian Solar Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.75.

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