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Fly News Breaks for July 10, 2017
AMBA
Jul 10, 2017 | 10:06 EDT
Dougherty analyst Charles Anderson sees Ambarella shares rallying towards the end of the year ahead of computer vision chip demos at hte annual Consumer Electronics Show in Las Vegas and the potential for a demo-heavy analyst day in early CY18. The analyst said computer vision chips will allow the company to more than double content in many sockets it is already in and views it as an entry into the multi-billion dollar market for autonomous vehicle SoCs. Anderson rates Ambarella a Buy with a $75 price target.
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