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Fly News Breaks for August 30, 2019
AMBA
Aug 30, 2019 | 08:24 EDT
Roth Capital analyst Suji Desilva maintained a Neutral rating, but raised his price target on shares to $55 from $45 following the company's Q2 earnings results. The analyst said he is "encouraged by a resumption in growth" in Ambarella's security camera business and added that he believes the significant EPS upside in the quarter is "indicative of the EPS leverage inherent in Ambarella's model."
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