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Why Ambarella, Inc. Stock Jumped 15.2% in October

Tags: stock video
DATE POSTED:November 14, 2017

Shares of Ambarella Inc. (NASDAQ: AMBA) popped 15.2% in October, according to data from S&P Global Market Intelligence, after an analyst upgraded the video processing chip specialist.

More specifically, Ambarella's gradual rise last month started in earnest with a 6% pop on Oct. 12, when Canaccord Genuity analyst Matt Ramsay maintained his "buy" rating on the stock and increased his per-share price target to $65 from $58. For perspective, Ambarella stock closed on Tuesday at $54.68 per share.

IMAGE SOURCE: AMBARELLA INC.

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Tags: stock video