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Fly News Breaks for September 3, 2019
AMBA
Sep 3, 2019 | 08:40 EDT
Roth Capital analyst Suji Desilva raised his price target for Ambarella to $55 from $45 as he believes it represents a differentiated investment opportunity in computer vision and low power video processors. The analyst is encouraged by a resumption of growth in the company's security camera business and expects automotive to lead continued sequential growth in the current quarter. He reiterates a Neutral rating on the shares.
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