RBC Capital Maintains Outperform on Mobileye Global, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan has maintained an Outperform rating on Mobileye Global (NASDAQ:MBLY) but has reduced the price target from $45 to $39.
January 26, 2024 | 3:45 pm
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NEUTRAL IMPACT
RBC Capital has maintained an Outperform rating on Mobileye Global but lowered the price target from $45 to $39, indicating a positive outlook with a reduced growth expectation.
While the Outperform rating suggests that RBC Capital believes MBLY will perform better than the market or sector average, the reduction in the price target may imply a tempered expectation for the stock's growth potential. This could lead to a neutral short-term impact as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100