Wall Street Zen Downgrades Ambiq Micro (NYSE:AMBQ) to Sell

Ambiq Micro (NYSE:AMBQ) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other analysts also recently issued research reports about the stock. UBS Group began coverage on shares of Ambiq Micro in a research report on Monday, August 25th. They set a “neutral” rating and a $40.00 price objective for the company. Bank of America began coverage on shares of Ambiq Micro in a research report on Monday, August 25th. They set a “neutral” rating and a $42.00 price objective for the company. Stifel Nicolaus began coverage on shares of Ambiq Micro in a research report on Monday, August 25th. They set a “buy” rating and a $45.00 price objective for the company. Needham & Company LLC began coverage on shares of Ambiq Micro in a research report on Monday, August 25th. They set a “buy” rating and a $48.00 price objective for the company. Finally, Zacks Research upgraded shares of Ambiq Micro to a “hold” rating in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ambiq Micro has an average rating of “Hold” and an average price target of $43.75.

Ambiq Micro Stock Performance

NYSE AMBQ opened at $39.50 on Friday. Ambiq Micro has a 52 week low of $32.89 and a 52 week 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.