Jefferies has initiated coverage of Ambiq Micro with a buy rating and a price target of $90, representing a 42% upside from its recent closing price. The firm highlights Ambiq's transition from a niche ultra-low-power microcontroller unit supplier to a broader edge AI compute platform, which is expected to enhance its market value.
Jefferies forecasts a compound annual growth rate of 51% in revenue from fiscal 2025 to 2028, with the company anticipated to break even on an operating basis by 2028. This outlook aligns with the broader Wall Street consensus, where five out of seven analysts recommend Ambiq as a buy or strong buy.
Since its IPO in July 2025 at $24 per share, Ambiq's stock has surged approximately 122% year to date, indicating strong investor interest despite the market's current focus on its wearable technology segment