Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Ambarella (NASDAQ:AMBA) on Monday, setting a price target of $115, which is approximately 15.18% above the present share price of $99.84.
Cassidy expects Ambarella to post earnings per share (EPS) of -$0.49 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Ambarella, with an average price target of $91.89.
The analysts price targets range from a high of $115 to a low of $59.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $56.09 million and a net profit of -$16.25 million. The company's market cap is $3.51 billion.
According to TipRanks.com, Rosenblatt Securities analyst Kevin Cassidy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.6% and a 72.33% success rate.
Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.