Mizuho Maintains Buy on Mobileye Global, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Mobileye Global (NASDAQ:MBLY) but has reduced the price target from $48 to $42.
January 05, 2024 | 6:42 pm
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NEUTRAL IMPACT
Mizuho analyst Vijay Rakesh maintains a Buy rating on Mobileye Global but lowers the price target to $42 from $48.
While the reduction in price target could suggest a more conservative outlook on the stock's future performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the positive and negative aspects of the analyst's update.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100