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Fly News Breaks for September 5, 2017
AMBA
Sep 5, 2017 | 07:22 EDT
Canaccord analyst Matthew Ramsay said Ambarella reported solid Q2 results but remains in a challenging near-term transition and could experience volatility. However, he said longer-term its computer vision family of products will drive revenue and higher selling prices and margins. Ramsay maintains his Buy rating, citing his bullish technological thesis, but he lowered his price target to $58 from $72 on Ambarella shares.
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