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Fly News Breaks for February 6, 2017
GPRO, AMBA
Feb 6, 2017 | 09:28 EDT
Craig-Hallum analyst Richard Shannon lowered his price target for Ambarella (AMBA) to $70 from $85 based on GoPro's (GPRO) guidance for Q1 being much lower than consensus. However, the analyst thinks that with most of the GoPro enthusiasm out of the stock, it is now time to buy Ambarella. He reiterates a Buy rating on Ambarella's shares.
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