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Fly News Breaks for November 30, 2015
GPRO, AMBA
Nov 30, 2015 | 07:55 EDT
Stifel believes that Ambarella's (AMBA) Q3 results will come in above expectations, helping to decouple the stock from GoPro (GRPO) in investors' minds. The firm expects Ambarella's fiscal 2017 revenue to beat expectations, driven by growing markets. It keeps a $115 price target and Buy rating on the shares.
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