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Oppenheimer Starts Ambarella At Perform: Opportunity Is There, Risk-Reward Balanced

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Oppenheimer’s Andrew Uerkwitz believes Ambarella Inc AMBA 3.83% is among the best pure-play investments in the consumer and professional applications market, although the stock’s risk/reward appears balanced at present.

The analyst initiated coverage of the company with a Perform rating.

Balanced Risk/Reward

Uerkwitz believes Ambarella’s risk/reward is currently balanced, given the “1) unfavorable outlook for major end markets in the near term, 2) timing uncertainty for the market trends that...