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Fly News Breaks for November 26, 2019
AMBA
Nov 26, 2019 | 08:51 EDT
Roth Capital analyst Suji Desilva said he was encouraged by growth in the Ambarella's core segments in the company's fiscal third quarter and believes that significant EPS upside in the quarter is indicative of the leverage inherent in the model. He is also encouraged by design activity around the company's newer computer vision chips, added Desliva, who raised his price target on Ambarella shares to $60 from $55 and keeps a Neutral rating on the stock.
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