Ambarella Is Maintained at Overweight by Morgan Stanley; target reduced to $114 | AMBA Message Board Posts


Ambarella, Inc.

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Msg  169 of 171  at  6/1/2022 11:18:58 AM  by

delt1970


 In response to msg 163 by  delt1970
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Re: Ambarella Is Maintained at Overweight by Morgan Stanley; target reduced to $114

"Ambarella guided July revenues roughly 11% below our
estimates, citing supply chain impact from China lockdowns,
and implied October will be even worse. We are surprised by
these challenges given what we expect will be a strong
technology ramp, but the longer-term potential keeps us OW." (6/1/22)


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