Morgan Stanley analyst Joseph Moore raised the price target on Ambarella Inc to $222 from $137, implying a 23 percent upside, and reiterated an Overweight. Morse bumped up the price target on the expectation of rising revenue leading to higher margins. Ambarella is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. Price Action AMBA shares closed 5.60 percent higher at $181.85 on the last check Monday. By Anusuya Lahiri  © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.