Ambarella: Wait For The Next Dip
- Ambarella reported a solid FQ3'21 quarter with revenues growing 64%.
- The company increased the estimated 6-year automotive revenue funnel to $1.8 billion.
- Investors should wait for the next 20% dip with the stock trading at 20x FY23 revenues and only forecast to grow at a 20% clip.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »