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Investing.com - Stifel initiated coverage on Ambiq Micro Inc (NYSE:AMBQ) with a Buy rating and a $45.00 price target on Monday. The company, currently trading at $38.47 with a market capitalization of $670 million, maintains a strong balance sheet with more cash than debt, according to InvestingPro data.
The research firm cited Ambiq’s proprietary SPOT platform as a key factor in its investment thesis, noting that the technology provides the company with a "significant and durable competitive advantage."
Stifel highlighted the platform’s "unique ability to deliver materially better compute performance/watt at the transistor level," positioning Ambiq to benefit from the emerging Edge AI market opportunity.
The $45 price target is based on an 8.4x CY26E EV/Sales multiple and Stifel’s discounted cash flow analysis.
Stifel also pointed to near-term and longer-term secular growth catalysts, strong operating leverage potential, and an attractive long-term valuation as supporting factors for the Buy rating.
In other recent news, Ambiq Micro, Inc. successfully completed its initial public offering, raising $110.4 million before expenses. The company sold 4.6 million shares at $24 each, which included the full exercise of underwriters’ option to purchase an additional 600,000 shares. Ambiq’s shares began trading on the New York Stock Exchange under the ticker symbol "AMBQ." On its first day of trading, Ambiq Micro’s shares surged over 60%, opening at $24 per share and closing at $38.53. This performance valued the company at approximately $656.5 million. These developments mark a significant milestone for Ambiq Micro as it enters the public market.
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