UPDATE: Stifel Raises PT on Ambarella After Management Meetings

In a report published Monday, Stifel analyst Kevin Cassidy maintained a Buy rating on Ambarella, Inc. (NASDAQ: AMBA ), raising its price target from $27.00 to $34.00. According to the report, AMBA shares have been very volatile since the company's Dec. 20, 2013 announcement that it is exploring with Google