Analysts at Berenberg Bank provided their views on Ambarella, Inc. (NASDAQ:AMBA) following investor meetings last week with the company’s management team, noting that they walked away with even greater conviction in the growth opportunity ahead for the company’s truly differentiated computer vision (CV) technology.

The analysts estimate the company’s overall ASP will expand from $6-7 in 2020 to over $13 by 2026. As a result, the analysts see sales growing at around 25% CAGR to achieve over $1 billion.