Raymond James Maintains Outperform on Mobileye Global, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Gesuale has maintained an Outperform rating on Mobileye Global (NASDAQ:MBLY) but has reduced the price target from $48 to $40.

January 08, 2024 | 9:11 am
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Raymond James has maintained an Outperform rating on Mobileye Global but lowered the price target from $48 to $40.
While the Outperform rating suggests that Raymond James still sees growth potential in MBLY, the reduction in the price target could signal a tempered expectation for the stock's short-term performance. This might lead to a neutral short-term impact as the market digests both the continued positive outlook and the lower price target.
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IMPORTANCE 75
RELEVANCE 100