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Fly News Breaks for September 7, 2017
AMBA
Sep 7, 2017 | 08:20 EDT
Morgan Stanley analyst Joseph Moore said he sees Ambarella shares as reasonably inexpensive relative to expectations for 2018, which contain minimal contribution from its new computer vision technology. The computer vision chip launching this quarter has the potential to be "game changing" but the stock's current price basically assigns no value to the upcoming chips, argues Moore, who keeps an Overweight rating and $60 price target on Ambarella shares.
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