Craig-Hallum maintains Ambarella (Amba) purchase rating and maintains PT
Ambarela, Inc. (NASDAQ:Amba) is one of The best tech stocks to buy at dip. On June 2nd, Craig Halm analyst Richard Shannon said he was Ambarella, Inc. with a price target of $95. (NASDAQ:AMBA) has maintained its purchase rating. The reconfirmed rating comes after the release of results that encouraged the first quarter of 2026 despite the harsh market environment.
Ambarella, Inc. (NASDAQ:AMBA) reported the results of FQ1 2026 on May 29th. Revenues rose 57.6% year-on-year, surpassing the market consensus by $1.86 million. The $0.07 EPS also exceeded $0.03 on the forecast. Growth was driven by the AI business as AI-related products accounted for more than 75% of first quarter revenue. This also marked the fourth consecutive quarter of record AI revenue.
A scientist in white coats and goggles operating cutting-edge semiconductor production lines.
Management is Ambarella, Inc. (NASDAQ:AMBA) has become the leader in Edge AI, pointing out that over 32 million AI processors have been shipped cumulatively. Additionally, its proprietary CVFLOW AI SOCS supports a wide range of generation and vision AI models. The company expects FQ2 revenue to range from $86.0 million to $94.0 million.
Ambarella, Inc. (NASDAQ:AMBA) is a high-tech company that develops low-power system semiconductors and software for Edge artificial intelligence applications.
Although it recognizes its potential as an investment in AMBA, it believes certain AI stocks offer greater promotion potential and reduce the risk of a decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.
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Disclosure: None.