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Fly News Breaks for September 29, 2015
AMBA
Sep 29, 2015 | 08:30 EDT
After hosting two days of investor meetings with Ambarella's CEO and CFO, Matthew Ramsay said his takeaway was that the company's long-term technology differentiation, market growth drivers, and target operating model are all unchanged despite the 55% pullback in the stock in the last two months. Ramsay, who attributes the share slide to a shift in sentiment, views the pullback as a buying opportunity and reiterates a Buy rating and $105 price target on Ambarella shares.
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