Roth Capital Gives a Buy Rating to Ambarella

By Carrie Williams

Roth Capital analyst Sujeeva De Silva assigned a Buy rating to Ambarella (NASDAQ: AMBA) today and set a price target of $65. The company’s shares opened today at $54.40.

De Silva wrote:

“We believe AMBA represents a differentiated investment opportunity in low power video and machine vision processor. We continue to expect seasonal growth across the company’s consumer-related segments. We expect margins and earnings forecasts to stabilize, driving steady recovery in AMBA shares.”

According to TipRanks.com, Silva is a top 100 analyst with an average return of 20.3% and a 65.5% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Semiconductor Manufacturing, Smart Global Holdings Inc, and Adesto Technologies Corp.

Currently, the analyst consensus on Ambarella is Moderate Buy and the average price target is $63.75, representing a 17.2% upside.

In a report issued on August 24, Stifel Nicolaus also reiterated a Buy rating on the stock with a $64 price target.

Ambarella’s market cap is currently $1.81B and has a P/E ratio of 32. The company has a book value ratio of 3.9057.

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Ambarella, Inc. engages in the development of video compression and image processing solutions. Its products are used in a variety of professional and consumer applications, which include security IP-cameras, wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng-Ming Wang and Leslie D.