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Fly News Breaks for October 29, 2018
AMBA
Oct 29, 2018 | 09:23 EDT
Northland analyst Gus Richard initiated Ambarella with a Buy and $38 price target saying it is well positioned for growth of Computer Vision. Richard sees multiple catalysts over the next 12 months including the ramp of Computer Vision Products in 1H 2019, adoption in Security Camera market, automotive design wins, and reduced Consumer revenue headwinds.
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