Ambarella (AMBA) expands its partner base by signing a strategic cooperation agreement with Leapmotor for manufacturing energy vehicles with intelligent features.
Ambarella (AMBA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The consensus price target hints at a 28.7% upside potential for Ambarella (AMBA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.