FMP
Ambarella Shares Up 9%, Upgraded at KeyBanc
Sep 22, 2021 5:49 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Ambarella, Inc. (NASDAQ:AMBA) shares were trading more than 9% higher Wednesday afternoon. Analysts at KeyBanc Capital Markets upgraded the company to Overweight from Sector Weight, with a $185 price target on the shares.
The brokerage mentioned three main reasons for the upgrade:
(1) Multiple favorable tailwinds related to the adoption of CV within the security and automotive end markets with a limited competitive landscape with the HiSilicon ban, while the brokerage has increasing confidence in front-facing ADAS adoption,
(2) with its highly differentiated CV/AI assets and IP, and adoption in auto tech, the brokerage believes the company is one of the most attractive M&A targets in semiconductors,
(3) inflection in revenues and operating leverage gives the brokerage increased confidence in the company's ability to sustain R&D investment and its ability to compete.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
