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Fly News Breaks for January 3, 2018
AMBA
Jan 3, 2018 | 07:11 EDT
As previously reported, Oppenheimer analyst Andrew Uerkwitz upgraded Ambarella to Outperform from Perform, with a $70 price target, saying downward revisions are over and core business is sustainable. The analyst expects the conversation to shift toward a computer vision-based thesis, centered on the market potential of CV and the company's position within it.
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