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Fly News Breaks for March 1, 2017
GPRO, AMBA
Mar 1, 2017 | 07:55 EDT
Stifel analyst Kevin Cassidy says that Ambarella (AMBA) has "decoupled" from GoPro (GPRO). The analyst says that the company is pursuing AI initiatives, and he says that its fiscal 2018 guidance has eliminated the risk facing the stock. Cassidy says that the company's top and bottom lines can rise 15% in fiscal 2019, and he keeps a Buy rating on the shares.
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