Ambiq Micro (NYSE:AMBQ) Now Covered by Analysts at Bank of America

Bank of America initiated coverage on shares of Ambiq Micro (NYSE:AMBQ) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued a neutral rating and a $42.00 target price on the stock.

A number of other analysts have also recently weighed in on AMBQ. Wall Street Zen raised shares of Ambiq Micro to a “hold” rating in a report on Monday, August 11th. Needham & Company LLC initiated coverage on shares of Ambiq Micro in a research report on Monday. They issued a “buy” rating and a $48.00 price objective on the stock. UBS Group initiated coverage on shares of Ambiq Micro in a research report on Monday. They set a “neutral” rating and a $40.00 target price on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Ambiq Micro in a research report on Monday. They set a “buy” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Ambiq Micro Price Performance

AMBQ stock opened at $39.59 on Monday. Ambiq Micro has a twelve month low of $32.89 and a twelve month high of $51.76.

About Ambiq Micro

Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We are a pioneer and leading provider of ultra-low power semiconductor solutions designed to address the significant power consumption challenges of general purpose and AI compute – especially at the edge.