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Ambarella's Stock Turning Point: AI Set to Propel Growth in 2024

Thomas Hughes
Written by Thomas Hughes | Reviewed by Don Miller
March 12, 2024

Key Points

  • Ambarella had a solid quarter, outperforming expectations and guiding for sequential growth.
  • End market normalization and AI will drive a return to YOY growth in Q3. 
  • Analysts' sentiment is firming, and they see this deeply undervalued name advancing 30% to 50% this year. 
  • 5 stocks we like better than Ambarella.

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Should you invest $1,000 in Ambarella right now?

Before you consider Ambarella, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ambarella wasn't on the list.

While Ambarella currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.9333 of 5 stars		$139.67+3.7%0.03%54.97Moderate Buy$164.15
Advanced Micro Devices (AMD)
4.9607 of 5 stars		$124.60+4.5%N/A112.25Moderate Buy$191.96
Ambarella (AMBA)
2.9398 of 5 stars		$73.19+3.2%N/A-18.96Moderate Buy$84.17
Compare These Stocks  Add These Stocks to My Watchlist 


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