Fly News Breaks for July 2, 2019
Jul 2, 2019 | 07:39 EDT
Cowen analyst Matthew Ramsay met with Ambarella management and noted near-term visibility remains clouded as both its customers and competitors continue under scrutiny. The analyst said despite this, he sees the proprietary low-power computer vision IP as significantly undervalued and set to drive sustainable growth in both the auto and security sectors. Ramsay reiterated his Outperform rating and $54 price target on Ambarella shares.
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