BofA raises Ambiq Micro stock price target on strong AI demand

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump replaces Homeland Security chief Kristi Noem Oil extends weekly gains as Iran conflict rages on, with crude surging around 20% Gold prices dip as stronger dollar weighs; Iran conflict remains in focus Dollar resumes climb on safe haven demand as Iran conflict rages on (South Africa Philippines Nigeria) BofA raises Ambiq Micro stock price target on strong AI demand By Analyst Ratings Published 03/05/2026, 03:35 PM BofA raises Ambiq Micro stock price target on strong AI demand 0 AMBQ 6.59% Investing.com - BofA Securities raised its price target on Ambiq Micro Inc (NYSE:AMBQ) to $35 from $32 while maintaining a Neutral rating on Thursday. The stock currently trades at $29.82, down 13% over the past week, though it remains well above its 52-week low of $22.12. The firm noted that Ambiq’s fourth quarter and first quarter estimated sales came in 9% and 16% above consensus respectively. Management sees a path to more than $100 million in 2026 sales compared to the Street’s $85 million estimate, representing significant growth from the company’s $72 million in revenue over the last twelve months. With a market cap of $588 million and a current ratio of 13.04, Ambiq maintains strong liquidity despite ongoing losses. The company sees strong demand through the third quarter of 2026 after more than 80% of units shipped in 2025 were running AI algorithms. Non-wearables including industrial, medical, and smart home and building applications now represent 25% of Ambiq’s funnel, up from a negligible share 18 months ago. Ambiq’s AI-optimized Atomiq SoC will enable operation down to 300mV, a roughly four times energy advantage versus standard operating voltage across foundries of around 700mV. Production of Atomiq is scheduled for 2027 with meaningful revenues expected to drive profitability in 2028. Gross margins are expected to remain in the mid-40s range for fiscal year 2026 as pricing is largely locked in across key ...